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Wednesday, August 10, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are mostly higher as trade anticipates the USDA Supply and Demand data on Friday. The US Dollar is lower providing underlying support for grain exports. Crude oil is lower while stock indices remain quiet.

Weather is becoming less important as the forecast has enough rain to keep the crop rating well above average. The focus of discussion for the next few days will be US corn yields. Current range of estimates are 167 to 175 for corn.� Soybean attention is on export demand.