WASDE bearish corn and anticpated

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Corn: U.S. feed grain ending stocks for 2012/13 are projected higher this month
as lower expected exports outweigh an increase in projected domestic usage. Corn exports are projected 50 million bushels lower based on the sluggish pace of sales and shipments to date and prospects for more competition from Brazil.
Argentina corn production pegged at 27 MMT . No serious cut in production due to dryness . Rain expected next week for both GFS and Euro (euro is a little dryer and MAY turn wetter in the 6-10 day) in Argentina. Continued corn slide expected...as prices are to high to stimulate export demand and ethanol usage.

Now plug this into your chart--LOL

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WASDE bearish corn and anticpated

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