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Friday, June 03, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are higher�overnight as the strength in the ag commodities continues. Outside markets are quiet with crude oil and stocks flat.

Weather maps�have added some heat and dry conditions for the near term forecast, adding fuel to the fund-led rally in grains.

Managed money�funds were estimated to have been buyers of 2,000 corn contracts, 7,000 wheat, and a large 21,000 soybean contracts in yesterday's rally.