Mar 13, 2012
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USDA March 2012 Report Highlights

USDA left U.S. ending stocks of 2011 corn and soybeans unchanged at 801 million and 275 million bushels respectively – a bearish move given the trade had expected corn stocks to be reduced to 776.5 million bushels and soybeans to drop to 254 million. Corn’s balance sheet was untouched, while soybeans had inconsequential tweaks in the seed and residual categories....More

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