Exports: Corn net sales plummet 46 percent
Soybeans also declined on the USDA news, weighing on soybeans in early trading. In its long-term outlook, the USDA reiterated its acreage forecast at 79.5 million acres, with the 2014 crop at 3.55 billion bushels and 14/15 carryout at 285 million. That last figure seems to be depressing CBOT prices. March soybeans declined 2.25 cents to $13.56/bushel in early Friday action, while March soyoil stumbled 0.11 cents lower to 40.46 cents/pound, and March soymeal slipped $0.6 to $450.3/ton.
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