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December 19, 2014
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USDA reduces soybean, corn ending stocks estimates
A typical December world agricultural supply-demand estimates report is neither bearish nor bullish, and this one didn't disappoint as anticipation grows for next month's gift-wrapped final U.S. production numbers.
 
Projected season average on-farm corn and soybean prices remained unchanged by the U.S. Department of Agriculture, but there were some tweaks in the year-end stocks for those crops.
 
 
Trade awaits proof of aggressive export pace
Lowering corn and soybean ending stocks in the latest supply and demand estimates appeared trade friendly, but skepticism over-ruled the bullish notion. The U.S. Department of Agriculture reduced soybean ending stocks from 450 million bushels in last month's report to 410 million this month due to increased export demand. The trade was expecting 427 million bushel year-end stocks.

Trade
An increase in projected corn food, seed and industrial use reduced ending stocks estimates from 2.008 billion bushels to 1.998 billion, compared to the average trade guess of 2.027 billion.
UAS users must balance opportunity, challenges
Pure Hollywood. The big unmanned aerial vehicle on the table behind Chad Colby was pure theater. "This big ship? Pure Hollywood platform. I bought one because I wanted one. I fly it once in a while. It's big and it takes a lot of effort and you have to do a lot with it," Colby said.
 
Colby
But he brought along the big ship to make a point and to give his audience a look at what is possible in the world of unmanned aerial systems. "It depends on your mission and what you are trying to do," Colby said. 
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