Chicago Beans End Lower As USDA Projects Record Yields

12/09/16 — Soycomplex: Beans closed lower following a bearish USDA report that projected 2016 US soybean yields at a record 50.6 bu/acre. They put production at an also record 4.2 billion bushels. Trade ideas were for the USDA to reveal a 49.3 bu/acre yield, with US production at 4.1 billion bushels. It wasn’t all bearish, they did cut old crop ending stocks to 195 million bu versus an average