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USDA.., great if you want CHEAP food

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    #1

    USDA.., great if you want CHEAP food

    Corn ending stocks projected at 2.403 BBu, up 38% year to year

    Soybeans at 480 MBu, up 243% over a year ago

    Wheat at 1.143 BBu, up17%

    Great to be a producer!

    Read WASDE...http://www.usda.gov/oce/commodity/wasde/latest.pdf
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    #2
    And prices rallied all good

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      #3
      Canola and soyoil down, but for long term is not good news...too much supply

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        #4
        Tis the season to watch South American weather . . . .
        Soybeans up as traders watch Argentina dryness.

        USDA appeared neutral for U.S. ending stocks.
        Slightly bearish for global ending stocks. (IMO).

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