| 1. | Wheat advanced in nervous buying ahead of Australia's crop forecast on Tuesday.
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| 2. | The soybean crop forecast was unexpectedly cut 1 percent to 2.722 billion bushels.
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| 3. | Corn benefited from a cut in the Brazilian corn crop forecast.
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| 4. | The USDA raised its corn crop forecast 2 percent to 9.012 billion bushels.
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| 5. | But the threat doesn't seem to be affecting price projections or crop forecasts.
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| 6. | The reduced crop forecast follows reports of insect damage in Mississippi and Texas.
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| 7. | Some traders had expected even larger crop forecasts for South America.
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| 8. | Kilian, whose crop forecast is expected this week, didn't return calls for comment.
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| 9. | However, flooding in California in mid-March has reduced crop forecasts for this year.
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| 10. | The agency will revise its crop forecasts Sept . 12.
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