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November USDA Supply & Demand

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The trade was not given the ultra-bearish corn outlook expected in today’s WASDE update. Corn ending stocks were adjusted higher but well below the average trade guess by 142 million bushels. Stocks increased by just 32 million bushels from the September report. A 1.9 million acre reduction in harvested acres offset the higher yield estimate by 139 million bushels. Good news was seen in higher demand estimates for U.S. feed, (increased 100 million bushels) and a higher export estimate from the ...
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Categories: | Tags: USDA Report , November Supply/Demand , Acre Reduction | View Count: (1849)
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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.