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7/29/10 7:57 AM Northern and central soybean areas have favorable soybean development conditions, but dry and hot trends threaten the southern regions and may lead to a bullish soy market.
7/28/10 3:28 PM The spring wheat basis has been collapsing since early July due to a large carryover from the previous year and the outlook for a large new crop. Demand is predicted to increase only slightly with exports rising and domestic use falling. Basis levels look to weaken further during the harvest and beyond.
7/28/10 3:27 PM Wet weather and other factors have so far kept soybean and corn insect pests at bay. Bug experts stress growers should continue scouting, especially for corn rootworm and soybean aphid damage.
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Corn futures are expected to open 4to 6 higher as of 7:15 a.m. CDT; soybeans 5 to 7 higher; wheat 10 to 12 higher.
Expect pork futures to open higher, supported by follow-through buying and signs of strength demand for market hogs as well as fresh product. Live and feeder cattle contracts are predicted to start out on a mixed basis, torn between cash premiums and fears of late-summer tonnage.
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