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Friday, November 04, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are slightly lower while outside markets are in narrow trading ranges. Without new supportive news one might expect harvest pressure late in session as farmers wrap up harvest.

Weather forecast has weekend rains in Southern half of US HRW belt, an open Midwest forecast for harvest. Brazil crops are well watered. Extended Argentine outlook remains wet and trade is already talking about planting falling short of expectations.