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USDA reports confirm that corn and wheat stocks have tightened

USDAโ€™s September Crop Production report took the market by surprise. Everyone was looking one direction while USDA took us in the opposite direction, which resulted in Mondayโ€™s market action. To sum up the report in a few words: uneventful and neutral wheat, friendly and as expected for corn, and bullish and surprising for soybeans.
Black Sea Oceans General South Dakota United States North Dakota Jerome Powell
Source: agweek.com

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