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Difficulties measuring winter wheat damage due to the recent snow storm could result in USDA's peg being the biggest of the year.
Corn ended the day under pressure, with soybean and wheat futures mixed.
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Total red meat supplies in the nation's freezers are down 6% from year-ago levels.
Markets and traders are openly asking questions and thinking about whether or not self-inflicted wounds and perhaps other, direr events could unravel the Trump presidency.