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Wednesday, April 08, 2015

Big data day sees volatility continue

By Angus Brown  |  Source: USDA, CME

Last week saw the release of the USDA March quarterly grain stocks and prospective plantings reports. The market watches these reports closely to gauge the level of current grain supplies, and get an idea of the potential supply over the coming year based on the area being planting. Corn threw up the biggest surprise, with prices falling on larger than expected plantings.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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