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Published April 07, 2014, 09:59 AM

USDA report drives market

Wheat struggled last week with reports of moisture opportunities for the Southern Plains causing traders to head for the sidelines. The U.S. Department of Agriculture’s acreage report was friendly to wheat, but that was offset by a neutral stocks estimate. For the week ending April 3, May Minneapolis dropped 9.25 cents, September Minneapolis dropped 8.5 cents, July Chicago dropped 17.5 cents and July Kansas City lost 16 cents.

By: Ray Grabanski, Agweek

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