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In Tuesday's Early Word Opening Grains market comments DTN's senior analyst mentioned the possibility of December corn moving back to $3.75, but he thought a bit more explanation might be in order.
A short course at Texas A&M examined why cattle producers struggle even when cattle prices remain strong. Higher energy costs ripple down to the cow-calf operations through increased feed and fertilizer costs for pasture.
Another 12 percent of corn moved into the dented stage as of August 24, bringing the total up to 26 percent nationwide. That puts the corn crop 21 percentage points behind the five-year average.
Scattered showers and thunderstorms are expected to redevelop over southern and eastern Minnesota Wednesday night. These thunderstorms drop southward into Iowa and then move eastward into northern Illinois and Wisconsin Thursday. The balance of the Midwest region will likely see some shower activity Thursday night into Friday. » More DTN Weather Commentary
U.S. ethanol production for June fell by nearly 1 million bbl from the May level, while imports rose sharply, according to fresh data from the Energy Information Administration.
Southern producers went for soybeans in a big way this year, so news that Louisiana State University breeders are working to develop a soybean that withstands heavy rains has got to be welcome. [Read and Comment on Full Blog]
| CORN (Dec 08) 5960 +20 
