USDA numbers friendly

10/12/2011 - 10/21/2011

The U.S. corn and soybean crops are both slightly smaller than earlier expected, according to Wednesday's monthly USDA Crop Production report.

Corn is forecast at 12.4 billion bushels, down 1% from last month's estimate and slightly off 2010's production. Soybeans are seen at 3.06 billion bushels, also down 1% from last month's guess and 8% lower than a year ago.

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