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USDA Forecasts Largest U-S Wheat Ending Stocks In 5 Years

The USDA has raised it's projected U-S 2015-16 wheat ending stocks by 28 million bushels.

That would be the largest ending stocks number for the U-S since 2010-11.

Even with higher stocks, the department's season-average price to producers has been raised by 35 cents to between 4.75 and 5.75 a bushel.

The department's U-S corn ending stocks are cut by 172 million bushels.

Projected season-average prices for producers have been bumped up by 25 cents to 3.45 to 4.05 a bushel.

And the USDA now expects soybean ending stocks for 2014-15 to be down 75 million from last month.

The department's projected 2015-16 average producer price has been raised by 25 cents to from 8.50 to 10 dollars a bushel.

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