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July USDA Supply & Demand

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Today’s USDA supply demand estimates had their biggest changes in wheat due to better than expected usage. U.S. 2012-13 wheat stocks decreased 28 million bushels and world stocks for the crop year ended June 30th were cut by 5.5 million tons from last month. New crop 2013-14 U.S. wheat stocks were reduced 83 million bushels to 576 million and world stocks were cut by 8.3 million tons, to 172.38 million tons.
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Categories: | Tags: USDA Report | View Count: (1398)
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These data and comments are provided for information purposes only and are not intended to be used for specific trading strategies. This commentary is written as a daily marketing tool to help farmers sell the grain they raise. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. Past performance and testimonials are not necessarily indicative of future results. Commodity trading involves the risk of loss, and you should fully understand those risks before trading.