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Markets decided to sell off in reaction to July WASDE
There were slight expectations that the USDA would adjust corn yields in this month’s WASDE report, but that did not end up happening. And while the report as a whole was still fundamentally friendly to the marketplace, the commodity prices did not like missing out on that change, so the prices ended up closing the week in the red. Allendale commodity broker Greg McBride gave an analysis of the corn side of this month’s WASDE report. McBride said the biggest surprise in this report was that...