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Market Comments covers weekly developments from Wed. to Tues.
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Market Comments: 7/20/11

 

Corn Limits Push Contineus by CME

 

Despite comments at the CFTC session  that raising corn limits is not in the best interest of commercial users, today's Wall Street Journal reveals that the CME pushes onward.

 

A Call to Arms for DOT Farm Trucking Classification

The comment period pertaining to new farm hauling/vehicle classification as it relates to intrastate and interstate movements of grain has been extended by the Department of Transportation until the first of August. We all need to speak up about the issue of commercial driver's licenses (CDLs).
 
Clarification and Amplification

There are numerous resources that give day-to-day (minute to minute) market/price commentary as part of various services connected to their cash and futures business. The gist of a couple of calls the past few weeks are connected to price forecasting in "risk management" tied to the $1.00/bu+run-up in corn prices this month. My desire in these weekly grain comments is to share a perspective on topics that will have a mercantile impact but may not be necessarily on today's grain market and trade recap.



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