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The price of corn sees little comfort from Morgan Stanley's estimate of planted acreage coming...

The price of corn sees little comfort from Morgan Stanley's estimate of planted acreage coming in at 93.5M acres, well below the USDA's 97.3M forecast. Wet weather has slowed fieldwork, says Morgan, also projecting production of 13.3B bushels vs. the USDA at 14.14B. That corn-planting got off to a slow start is hardly new news and the USDA will update planting figures later today. CORN -1.2%.
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