Episode 1216: July WASDE forecasting higher corn production but a decrease for soybeans

The US Department of Agriculture (USDA) has published the July World Agricultural Supply and Demand Estimate (WASDE) report, which shows that corn production is forecasted to increase by 240m bushels while for soybeans the outlook is for a decrease by 15m bushels.Senior editor Mark Milam talks to Sylvia Traganida about the report and the latest developments in the US market.