USDA expects corn supplies to reach its second highest total ever beginning with the market year starting September 1. Meanwhile, corn prices are expected head lower.
The agency’s forecast for soybean supplies, on the other hand, are projected to go lower, while prices are expected to head higher.
On August 12, USDA issued its monthly update to the supply and demand outlook for the 2009-10-crop year and also released its monthly crop production report.
USDA…
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