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Kevin Van Trump has over 20 years of experience in the grain and livestock industry.
The grain markets certainly want to trade higher today. Be cautious as both F.C .Stone and Informa will be issuing their crop estimates this week ahead of the USDA numbers due out next Friday. FC Stone will release theirs after the close today and Informa will report Friday morning. Please realize the USDA will not have a whole lot more information than they had in August for this report, as harvest is just getting underway, and there is no time to get the numbers crunched. As a firm we don't personally expect to see much of a change until at least October and maybe even November. We are continuing to hear on our end though that corn yields are coming in well below last years yields in many areas. Beans on the other hand are starting to come in better than expected.
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