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It wasn’t just ending stocks that made Tuesday’s USDA reports so bullish. The government cut its outlook for corn production to 14.182 billion bushels from 14.507 billion bushels as its yield forecast dropped to 172 bushels an acre from 175.8 bushels. Harvested area was unchanged at 82.5 million acres. Soybean output also was lowered to 4.135 billion bushels from 4.17 billion a month earlier. The USDA’s yield projection declined to 50.2 bushels an acre from 50.7 bushels a month earlier. The area expected to be harvested was unchanged at 82.3 bushels an acre. Wheat output in the grain’s marketing year that ends on May 31 was unchanged at 1.826 billion bushels, though ending stocks were raised slightly to 836 million bushels from 862 million in December.