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The latest news and information of specific interest to farm managers, crop consultants, ag retailers and the ag industry professionals serving them is delivered weekly on Monday in this e-newsletter.

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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.

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Market Commentary

Afternoon Comments 05/17


Continuing tightness of old crop supplies apparently sent nearby soybean futures sharply higher Friday despite the negative export demand implications of the rallying U.S. dollar. The greenback advance may also increase the chance of soybean imports during the days and weeks ahead. Deferred futures also rose despite the prospect of rainy Corn Belt weather over the weekend (and, ultimately, the potential for late-season switching to soybean plantings). July soybeans jumped 21.0 cents to $14.485/bushel at its Friday close, while July soyoil was steady at 49.52 cents/pound, and July soybean meal leapt $10.2 to $425.1/ton.
Market Info

Soybean harvest wraps up

Angela Bowman, Staff Writer  |   November 13, 2012
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With 96 percent of soybeans harvested, the 2012 soybean season has come to an end.  In one of its last Crop Progress reports of the year, the USDA showed that though the progress is slightly above the five-year average of 93 percent, it is on track with last year’s pace of 95 percent.

Eleven of the top 18 producing states are reporting between 97 and 100 percent of soybeans harvested. Most of the other states are within 11 percentage points of wrapping up soybean harvest this year. The only exception: North Carolina.

Just 36 percent of soybeans in the Tar Heel State have been harvested, which is slightly behind last year’s report and the five-year average of 41 percent. Click here to read more.


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