Commodity Blog |
| Grains Tumble After USDA Report Posted: 28 Mar 2013 06:37 PM PDT Corn dropped, posting the biggest decline since May, followed by soybeans and wheat after official data showed that reserves of the grain were higher than analysts have expected. The US Department of Agriculture reported that US inventories of corn totaled 5.399 billion bushels by the beginning of the month. The stockpiles declined 10 percent from the previous year, but still were above the experts’ estimate of 4.995 billion bushels. Corn dropped [...] |
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