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Small changes make the October WASDE report “neutral”
USDA published the October WASDE report at 11am on Friday morning and made slight changes to the numbers that can cause a reaction in the ag markets. Allendale commodity broker Greg McBride says the report was not far off from industry expectations going into Friday, with just small changes to yield numbers. The corn ending stocks number was lowered by USDA but not to the levels that were expected based on pre-report estimates says McBride. McBride says the initial market reaction to the...