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The USDA's highly anticipated crop report pegs the corn harvest at 10.779B bushels, 150M less...

Aug. 10, 2012 8:43 AM ETDBA, RJA, JJA, JJGTF, UAG, AGF, FUD, AGA-OLD, ADZ, DAG-OLD, JJS, CORN, TAGS, USAGBy: Stephen Alpher, SA News Editor1 Comment
The USDA's highly anticipated crop report pegs the corn harvest at 10.779B bushels, 150M less then expected. The yield of 123.4 bushels/acre (vs. 127.4 est.) is the lowest since 1995. Ending stocks are pegged at a tiny 650M bushels, down from 1.18B. Traders sell the news, Sept. corn flat now after being a dime higher before the report.

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