Nov 7, 2011

USDA Seen Lowering Crop Estimates Slightly

USDA is expected to lower its estimates of U.S. corn and soybean production slightly further when it releases its November Crop Production Report on Wednesday. Pre-report trade estimates of the U.S. corn crop average 12.402 billion bushels, 31 million bushels below USDA’s October estimate in a range from 12.159 billion to 12.549 billion bushels, according to a survey of 22 analysts done by Dow Jones Newswires....More

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