By Augusto Semmelroth | Source: USDA, WASDE
The WASDE report is finally out again after being interrupted in October by the US government shutdowns. As expected, the USDA revised US corn and soybean yields and production higher but delivered sizeable cuts in harvested area. Global wheat consumption was lowered to see ending stocks estimates for 2013/14 higher, not the best outcome for wheat markets.
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