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The Buzz: USDA’s Surprising Wheat Cut

Bryce Knorr and Arlan Suderman discuss the USDA Crop Report.

Compiled by staff

Published: Aug 12, 2010

USDA normally is cautious when it comes to making major adjustments, so the agency’s big reduction to its world wheat production estimate in Thursday’s report raised eyebrows - and prices. The government returned to form in soybeans, only begrudgingly acknowledging strong soybean demand buoyed by record sales to China.

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