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USDA surprises markets yet again in October WASDE
Once again, the USDA went against expectations for the monthly World Agricultural Supply and Demand Estimates (WASDE) report. The major surprise in the October WASDE was the increase of the corn yield by 2.7 bushels per acre to 181.2 bpa, which raised production estimates. Allendale commodity broker Greg McBride said this data notably lacks information from states like Iowa, which started harvest late due to rain. McBride said this also raises ending stocks for corn, which was a bearish move...










