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Agrimarkets Comment: Outlook for 2010

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London, 22 December 2009

Macquarie assess the market outlook for 2010 for corn wheat and soybeans. Their outlook is bearish for wheat and soybeans while neutral to slightly bullish corn out to the 2010/11 season. Assuming normal weather, Macquarie forecast the continuation of a stock-building trend for soybeans and wheat, while corn production must increase into 2010/11 to avoid world ending stocks falling to historically low levels.


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