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Tuesday, February 06, 2007

Funds Continue to Fuel Grain Rally

Soybeans – March Soybeans made new contract highs on a combination of fund buying and an independent report showing lower acreage. The ProFarmer survey had Soybean acreage down by as much as 8.5 million acres. Corn has been the driving force for the recent Soybean rally, as the attractive prices of Corn could sway some farmers to plant Corn on land that would otherwise be used for Soybeans. Read More....