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Corn inventories at the end of August, prior to the harvest, are forecast to be 873M bushels,...
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Sunday, January 27, 3:53 AM ETCorn inventories at the end of August, prior to the harvest, are forecast to be 873M bushels, 45% higher than the USDA's prediction, broker Allendale says at its annual conference. "The demand is gone," due to the surge in prices caused by last year's drought. "The higher prices are leading to herd liquidation." Allendale forecasts that 2013 corn production will increase 30% to 14.03B bushels.
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