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Corn markets continued to worry over ending stocks and the global economy. “Prices traded lower, on global economic concerns, while big ending stocks forecasts continue to lurk over the market,” Ami Heesch, with CHS Hedging, said. “December corn leaves an unfilled gap between $3.88-$3.92 ¾.”

“Rarely will USDA change their est of US acres on their Sept. report,” Steve Freed, with ADM Investor Services, said. “Their next set of new data will be in Oct. when FSA will have actual farmer planted acres by crop for crop insurance. Supply bulls hope that US corn and soybean yield will drop on the Sept. report when USDA NASS looks at their first set of objective yield data.”

This article originally ran on agupdate.com.

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