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Dust flying: Illinois planters roll

LOVINGTON, Illinois (Agriculture.com)--With a string of warm, sunny days this week, farmers in central Illinois have been able to make planting progress. Though Illinois started the week with 4% of its corn planted, above all states, the warming soil conditions are aiding farmers in this part of the state that want to have corn ready for harvest in late August/early September for talk of a corn shortage.

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Trader: No corn rationing yet

CHICAGO, Illinois (Agriculture.com)--Despite the USDA leaving the U.S. 2010-11 corn and soybean ending stocks left unchanged in Friday's report, the market remains nervous that demand threatens tighter stockpiles.

In its April Supply/Demand WASDE Report Friday, the USDA estimates the 2010-11 soybean carryout at 140 million bushels, equal to its March estimate. Plus, the U.S. 2010-11 corn carryout is set at 675 million bushels, unchanged from the government's March estimate.

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No signal of corn rationing, trader says

CHICAGO, Illinois (Agriculture.com)--Despite the USDA leaving the U.S. 2010-11 corn and soybean ending stocks left unchanged in Friday's report, the market remains nervous that demand threatens tighter stockpiles.

In its April Supply/Demand WASDE Report Friday, the USDA estimates the 2010-11 soybean carryout at 140 million bushels, equal to its March estimate. Plus, the U.S. 2010-11 corn carryout is set at 675 million bushels, unchanged from the government's March estimate.

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$62 August hog prices seen, analyst says

U.S. hog farmers are not getting rich this year, much like last year. But late summer/ early fall prices may allow them to hold their own, one livestock analyst says.

Although weaker domestic pork demand could pressure hog prices, expected strong export demand is seen as price-supportive, says Bob Short, PFGBest.com senior livestock analyst. “An increase in demand could push cash hog prices to a range of $60 to $62 per hundredweight in August,” he says.

Seasonal Factors

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Trading USDA Reports Instantly

CHICAGO, Illinois (Agriculture.com)--U.S. farmers that don't want to wait until 9:30amCST to trade the USDA Report Thursday, don't have to. As soon as the USDA Planting Intentions Report is released at 7:30am CST, a trade can be made instantaneously on the NYSE Liffe Exchange's wheat, rapeseed or corn contracts.

The U.S. hours of trading for the NYSE Liffe Exchange are 3:45am to 11:30am.

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Demand to outstrip grain supply, traders say

Though the USDA released negative numbers Thursday for the grain and soybean markets, sparking a fourth consecutive lower opening, a long-term trend of increasing world consumption provides favorable support for farm markets, analysts say.

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USDA data releases bearish numbers

The USDA released bearish numbers Thursday for corn, soybean, and wheat markets, CME Group grain floor traders say.

Based on the numbers, corn is called 3-5 cents lower, soybeans 7-10 cents lower, and wheat 10-15 cents lower.

"No shockers in this report. The market will trade this report for about five minutes and then the focus is back on the acreage, which we don't know yet," Scott Shellady, XFA trader says.

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Early calls for the commodities

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Thursday, March 10, 2011 are subject to the USDA March Supply/Demand Report Thursday to be released at 7:30am CST. 

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July/Nov spreads stay popular

It happens every March. But, this year the popular trade of spreading old-crop contracts against new-crop is heightened, with tight old-crop stocks.

In its February Supply/Demand Report, USDA pegged the U.S. old-crop soybean stocks at 140 million bushels. That is approaching minimum pipeline levels.

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