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GRAIN MARKETS: No answer for looming harvest pressure, stocks report

Some bullish demand news isn’t enough to lift prices.

By Ben Potter

Want further proof that Friday’s quarterly stocks report from USDA is a big deal? Look no further than Thursday’s market reactions – with grain prices down on positioning ahead of this report, despite some bullish export sales news. Friday’s data is particularly significant because it covers data through September 1. That means it represents ending stocks for the 2016 crop marketing years for corn and soybeans – in other words, the amount of

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