The 2007/08 marketing year for corn continues to draw to a close as we move into August. For the week ending July 31 old crop corn sales recorded 13.3 million bushels with new crop sales at 28.3 million for a combined total of 41.6 million bushels. This
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For December corn, Allendale discovered, dating back to 1988, an average summer time sell off is 21%. The minimum average sell off is 10% and 2008 represents a new record of a maximum sell off of 34% versus the previous record level sell offs of 32% for
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Catch the latest updates at 8:30 a.m. from Allendale's President Paul Georgy. Then at 11:00 a.m. listen to Allendale's Vice-President Bill Biedermann discuss current market conditions and his views of the market.
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Now looking ahead at next weeks USDA report, since 1998 USDA has shown a 70% tendency to decrease soybean yield from the July to August crop production report. The maximum amount USDA has decreased soybean yield has been 3.2 bu per acre, which was in 200
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