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Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
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Corn futures are mostly 3 to 4 cents lower at midday. The ProFarmer Tour began yesterday. The group estimated South Dakota corn yield at 149.78 bpa on the route taken. That was about 10 bpa below the 3 year average. The Ohio estimate was 148.96 bpa, and almost matching last year. NASS is 10 bpa higher than last year for Ohio, but their samples do cover a lot more of the state. USDA’s weekly crop condition update had the national crop improving by 1 point on our Brugler500 Index vs. last week. The Kentucky and Colorado ratings each slipped 6 points , but Michigan was 10 points higher than last week. Only about 15% of the US crop had yet to reach the dough stage as of Sunday.