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Source: Mike McGinnis, SUCCESSFUL FARMING, 8/12/21
The U.S. corn yield falls below trade expectations, while soybean yield thoughts are left unchanged. As a result of the bullish USDA numbers, the CME Group's farm markets jump up double-digits. At midsession, the Sept. corn futures are 25 3/4¢ higher at $5.82 1/2. New crop Dec. futures are 27¢ higher at $5.86 1/2. March corn futures are 26¢ higher at $5.93. For more of this story, click here.
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