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Corn Declines to Trim Weekly Advance on Crops Outlook

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Corn fell, trimming the biggest weekly gain since 2013 before a U.S. government report today that may lift estimates for domestic production, and as oil prices and global equity markets declined.

U.S. farmers are expected to harvest 14.54 billion bushels of corn, according to a Bloomberg survey of analysts, more than the record crop of 14.395 billion bushels forecast by the U.S. Department of Agriculture last month.