USDA crop report delivers surprise

USDA crop report delivers surprise

Grain trade surprised after USDA reduces corn production estimates in latest crop report.

PRIOR to the release of the U.S. Department of Agriculture's November "Crop Production" and "World Agriculture Supply & Demand Estimates" reports, the trade anticipated an increase in both the corn and soybean yield and production estimates; however, the latest report surprised the trade when it revealed a reduction in corn estimates.

Additionally, strong demand for both commodities has many wondering whether a record-large supply will actually

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