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The USDA released their monthly World Supply and Demand Estimates (WASDE) at 11 am CST. Please find them below. #OATT
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The USDA estimated to soybean crop condition rating at 65% good to excellent a drop of 1% week over week and 3% worse than a year ago. #OATT
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The USDA estimated Corn's crop condition at 67%, which is unchanged week over week. The condition rating is 4% below the same week last year. #OATT
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USDA corn export inspections were higher week over week and year over year. Soybeans and wheat inspections were lower week over week and year over year.
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Soybean crush margins estimates remain extremely strong at $5.60. That is $2.25 above the 52-week average of $3.35 and $2.82 above the 5-year average of $2.78. #OATT
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Ethanol production was higher week over week and year over year. Ethanol stocks were lower week over week and year over year. #OATT
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Soybean crush margins were estimated at $5.64. This is $2.36 better the the 52-week average of $3.28 and $2.87 better than the 52-week average of $2.77. #OATT
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Correction: Soybean crush margins were estimated at $5.64. This is $2.36 better the the 52-week average of $3.28 and $2.87 better than the 5-YEAR AVERAGE of $2.77.
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The USDA reported the soybean crop at 87% planted, a progression of 8% week over week. This is 4% ahead of last year and 7% ahead of the 5-year average. #OATT
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The USDA reported the corn crop at 93% planted, a progression of 7% week over week. This is 1% ahead of last year and the 5-year average. #OATT
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Corn export inspections were higher week over week and year over year. Soybean inspections were lower week over week but higher year over year. Wheat inspections were higher week over week but lower year over year. #OATT
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