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The Agriculture Department has forecast:
Soybean supplies were forecast at 250 million bushels at the end of the season, 25 million bushels less than the March estimate and 35 million bushels more than the inventory at the end of last year's harvest. Exports were raised 15 million bushels to 1.29 billion bushels.
Corn supplies are expected to total 801 million bushels by the end of August. The estimate is unchanged from one issued in March but 327 million bushels less than stockpiles on hand in August 2011. Exports were forecast at 12.7 billion bushels.
U.S. wheat inventories are expected to total 793 million bushels by the end of harvest. The forecast is 32 million bushels less than one issued in March and 69 million bushels less than the inventory at the end of last season. The forecast for exports was unchanged at 1 billion bushels.
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