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USDA August Report

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    USDA August Report

    The August report is out today. This is the first report where corn and soybean yields are based on an industry survey.

    [URL="http://www.usda.gov/oce/commodity/wasde/latest.pdf"]August WASDE report[/URL]

    Slightly tighter new crop corn and soybean carryover forecasts at the end of 2013/14 than expected based on lower than anticipated yield forecasts. Markets are up based on this so far this morning. Watch the close.
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