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RELIEF FOR #GRAIN PRICES

@USDA raised its demand estimates and lowered ending stocks for corn and wheat in its monthly world supply and demand report, sparking a short-covering rally. The report raised corn demand for ethanol use as well as wheat export demand. “This [wheat export estimate] is more than even the most optimistic analyst could have expected,” said Brian Hoops, of Midwest Market Solutions. (FarmWeekNow.com)

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