Monday, November 2, 2009


What had been predicted as a bumper crop for corn is now looking for life preservers. Today's USDA "Crop Progress" report shows harvest as way behind the average of 2004 - 08.

Only 25% of the corn is harvested in the lead corn states compared with a 71% average. For soy,the report shows 51% harvested versus an average of 87%.

Bankers must be contemplating doubling their medications.

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