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Crop markets tumble Friday at close

Corn continued its recent slide Friday. Although Thursday’s weekly USDA Export Sales report looked bullish for corn, CBOT prices continued their recent decline into the weekend. Talk of rapid spring planting and lower demand resulting from the ongoing ‘bird flu’ outbreak clearly depressed prices. Early Friday news of a big corn sale and recent U.S. dollar losses did little to boost the market. May corn futures sank 6.25 cents to $3.645/bushel at Friday’s close, while December lost 6.25 to $3.8825.

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N.D. implements nation’s highest enforcement of seed IP laws

North Dakota Governor Jack Dalrymple signed into law Senate Bill 2261, which among other amendments increases the maximum fine for a violation of seed intellectual property protection laws from $5,000 to $10,000, making it the highest state enforcement penalty in the United States.

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Chinese farmers to grow up to 15% less soy in 2015/16

Farmers in China, the world's top buyer of soybeans, could slash the amount of land they use to grow the oilseed by as much as 15 percent in 2015/16 due to uncertainty over how a new subsidy scheme will work, industry analysts said.

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Corn market still sliding Friday at midday

Corn continued sliding Friday morning. Although Thursday’s weekly USDA Export Sales report looked bullish for corn, CBOT prices continued their recent decline through yesterday’s session and into Friday. Talk of rapid spring planting and lower demand resulting from the ongoing ‘bird flu’ outbreak are reportedly weighing on prices. Early news of a big corn sale did little to boost the market. May corn futures sank 5.25 cents to $3.655/bushel late Friday morning, while December lost 5.5 to $3.89.

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