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MarketWatch – USDA neutral report overall

A sleeper that will make April report interesting.

Mildly Bullish Corn
Mildly Bearish Beans and Wheat

Stocks remain tight and S.American production big. Nothing we haven’t known for 2 months.

Pace of Demand is the main catalyst and USDA seems hesitant to address it so we look to April where Acres can help cushion the blow if there is one.

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