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Day ahead - February 23, 2018: USDA balance sheet details & biofuels the focus

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USDA's fresh look at 2018/19 is not a lot different than the current 2017/18 outlook but does feature slightly lower carryovers for corn, soybeans and wheat. The White House has called a meeting of Cabinet officials next week on US biofuels policy, according to Reuters, while Indonesia is heading to the WTO on US biodiesel import duties.

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