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The October WASDE/Crop Production has come and passed and again offered a few changes by the USDA.
Some grower associations said that Hurricane Irma almost destroyed the orange crops in many areas.
Heading into the WASDE for October 2017, the corn ending stocks are approximal at about 2.289 billion bushels.
Aside from the soybeans and soybean meal markets, rice also declined slightly last week.
The USDA released the September 1st Quarterly Grain Stocks and the annual Small Grains Summary report.
Dairy farmers are no longer competing with just neighbors or fellow countrymen, but with the global community.
The U.S. wheat market started well last week but ended with a decrease due to the USDA small grains production reports.
Minneapolis spring wheat has seen an excellent trade in the past month but other places haven't been so lucky.
Corn prices are expected to go up as corn harvest is expected to start in parts of the Midwest in the next two weeks.
Hard Red Spring wheat's 41.04% stocks to use ratio helped push all spring wheat planted acreage lower to start the 2017 year.