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MARKET COMMENTARY

6-30 USDA Report

Monday, June 30, 2014, 11:06 AM
Submitted by: Jon Setterdahl


Quarterly grain stocks higher than trade estimates at 3.854Bln corn and 405Mln beans.  Acreage as expected on corn at 91.6Mln….much higher than expected on beans at 84.8Mln. 

Grain prices plunged on the news….corn currently down 15-20 and beans down 40-50.

 

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