As of July 26th, 2009, the nation's soybean crop maturity registers 63% bloom vs a five year average of 76%. Allendale Inc discovered three years, one recent in 2008 with 60% bloom and two distant years of 1995 and 1996 when the crop was lagging in maturity, very similar to 2009.
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Estimates from the North Dakota wheat tour indicate 44.6 bpa for NW ND and 45.7 bpa for Southern ND vs 38.3 from the USDA. Durum wheat is estimated at 35.4 bpa vs the USDA number of 33.1. Crop scouts will meet next Wednesday to compare notes and release f
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Allendale Inc needs to clarify, USDA's additional data collection of this magnitude at the end of July, before the August crop production report is rather rare, however a similar adjustment was made just one year ago. The results of last year's revision discovered 100 K fewer acres planted in IL, IN, MO and 50 K fewer acres in WI vs USDA June 30th, 2008 planted acres estimated.
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China's soybean auction of 0.5mmt did not result in any sales. This was expected as Government minimum auction bid remains above free market prices. Traders anticipate that this cat and mouse game will eventually result in either the PRC reducing the mini
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