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Friday, April 11, 2014

WASDE delivers no major surprises, markets ease slightly

By Augusto Semmelroth  |  Source: USDA

The USDA’s World Agricultural Supply and Demand Estimates (WASDE) report was released on Thursday with some relatively bearish news for wheat, particularly on the demand side. For corn, the report was somewhat neutral leaving global ending stock practically unchanged from March estimates. Oilseeds, on the other hand, had global consumption revised higher to see ending stocks falling almost 2% from March estimates.

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