The price of soybeans for March fell 2.7% to $503.3 per ton

The cereal fell 3.7% since the USDA on Tuesday projected higher-than-expected national ending stocks of 1.502 trillion bushels for the 2020/21 season. “Anyone who would have bet that the latest US Department of Agriculture (USDA) forecasts would show another dramatic tightening of the grain and oilseed markets, which were already tight, was disappointed yesterday (Tuesday),” Commerzbank said in a note

Source: Ambito