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Markets reacted negatively to today’s slew of USDA reports
Several USDA reports were released today, including the January WASDE report and the Quarterly Grain Stocks. Unfortunately, most of these reports were negative for the ag marketplace. Allendale commodity broker Greg McBride said the markets really did not like seeing a 1.2 million acre increase to the harvested corn acres. The USDA also has not addressed the aggressive export numbers they put out for the soybeans last year, which caused another negative reaction today. Fortunately, McBride...












