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USDA: U.S. Corn, Soybean Stockpiles Grow

The USDA released bearish February U.S. Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports today, which were anticipated by the market.

The Crop Production report was bearish in nature and stated that soybean exports remain unchanged since the last report, but corn exports have lowered by 50 million.  

Soybeans looked bearish based on higher world stocks, and corn is bearish based on higher domestic stocks. 

Join the conversation about today's reports in marketing talk. 

For market reactions and more detailed data, read this story from Successful Farming's Marketing Editor, Mike McGinnis.

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