Tuesday, 1 March 2011
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2011/12 wheat marketing year average price $7.50
The USDA released new grain supply and demand estimates at the February Outlook Conference. There were minor changed from the USDA Long-term (10-year) estimates that had been released a few weeks earlier. Planted acres for 2011 remained at 57 million. Expected abandonment of hard red winter wheat acres may result in harvested acres being about the same as last year. Wheat yields are expected to
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