Crop markets pare gains after USDA report but remain higher: Podcast

USDA raises corn and wheat stocks but lowers soybean stocks.

Chicago, Ill., corn, soybean and wheat futures moved back from early highs after the release of the U.S.Department of Agricutlure's "World Agricultural Supply & Demand Estimates" report but remained higher, helped by solid gains in crude oil and equities.

The USDA data were largely in line with expectations, although the increase in global wheat stocks was contrary to trade forecasts for a slight decrease.

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