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USDA shocks the market with higher corn & soybean yield, production and carryout. Lower winter wheat acres and carryover slightly friendly. SA numbers were not supportive either. Jim McCormick, AgMarket.Net
Combined with strong production domestically and globally, corn prices are declining—projected to be $4.80 Soybeans Soybean plantings are predicted to fall by nearly three million acres in the 2023/2024 marketing year. Cotton Cotton supply is up, primarily due to carryover stock from the previous marketing period.
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