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Tuesday, May 13, 2014

WASDE drives wheat and corn markets lower, canola remains flat

By Augusto Semmelroth  |  Source: USDA, WASDE

The latest WASDE report released last Friday night included the USDA’s first projections of global grain supply and demand for 2014/15. While the report did not deliver any ground breaking news for grain and oilseeds markets, it still had a slightly negative impact on wheat and corn prices. New crop canola prices, on the other hand, have been flat since the release.

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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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