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Grain prices rise after US says stocks to stay low
date:Oct 12, 2012
Grain and oilseed prices jumped after US officials cut their forecast for domestic corn stocks and, while raising hopes for the soybean harvest, said that buyers would swallow up nearly all the extra supplies.

The US Department of Agriculture, in its much-watched Wasde crop report, downgraded its estimate for US corn inventories at the close of 2012-13 to 619m bushels, the lowest for 17 years, and a deeper reduction than investors had expected.

While the estimate for the harvest was trimmed by

12/23 02:08