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Big crop needed to meet demand

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The Agriculture Department forecasts higher corn stocks in its July crop report released earlier this month compared to its June report, but economists and grain industry analysts stress that corn supplies are still very tight and a big crop is needed to meet strong demand and build reserves to a more comfortable level.

In fact, according to Greg Fox, a grain marketing specialist with the Louisiana Farm Bureau, a hot and dry weather pattern in the Midwest could quickly reverse the gains made by corn, beans and wheat so far this season.

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