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Friday, May 19, 2006

Wheat Futures Are Making Contract Highs

Soybeans missing the "bull" move in grains: Wheat futures are making contract highs. Increased Ethanol demand is keeping Corn prices well supported. Soybeans, however, are missing the party. US growers are expected to increase the acres dedicated to Soybean planting this year, as the high cost of fuel has curtailed Corn production. These acres that would have gone towards Corn are being switched to Soybeans. Read More....