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USDA RELEASES "OIL CROPS OUTLOOK" REPORT
Source: USDA news release

To view the complete report, click here.

USDA’s Acreage report last month indicated that the 2020/21 soybean acreage is 83.8 million acres, a 10-percent recovery from 2019/20. USDA’s 2020/21 soybean production is forecast up by 10 million bushels from last month to 4.135 billion.


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