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July 12 WOB & NASS Crop Report Recap

  • NASS lowered US 2021 spring wheat and durum crop more than expected.

  • NASS raised US 2021 winter wheat and corn crop as expected.

  • WOB did not raise US 2021/22 corn and soybean demand as expected.

  • Prior to report market rallied on concern about final Canada and North Dakota crops.


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