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Crop markets pare gains after USDA report, but remain higher

Crop markets pare gains after USDA report, but remain higher
USDA raises corn and wheat stocks, lowers soybeans. (audio)

Chicago corn, soybean and wheat futures moved back from early highs after the USDA report, but remained higher helped by solid gains in crude oil and equities.
The USDA’s data was largely as expected, however the increase in global wheat stocks was contrary to trade forecasts for a slight decrease.

Listen to the report using the audio link on this page.

Chicago corn, soybean and wheat futures moved back from early highs. (Photo: lukas_zb/Thinkstock)

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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