Posted by PJBROWN VT on May 13, 2008 at 06:57:22 from (72.92.156.177):
Farmers got more of this year’s corn crop planted last week, but still just 51% of the nation’s corn has been put in the ground, compared with a 5-year average of 77% for this date, USDA says. Over the last 5 years, one-third of the crop had already emerged at this point; this year just 11% is up. Cold, wet weather in the Midwest has delayed planting. Corn futures closed at new highs on Friday, but slipped back today. The nearby MAY08 contract is $6.03/bushel, down 15¢. Further out, the JUL09 contract reached $6.76 on Friday, but settled at $6.64 today. USDA projects a smaller harvest in 2008/09, leaving ending stocks of just 763 million bushels, the lowest since 1996. Next year, nearly one-third of the corn crop is expected to go to ethanol, according to Friday’s “World Agricultural Supply & Demand Estimates” report. cme
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Today's Featured Article - Diagnosing Engine Difficulty - Diesel Tractors - by Staff. The following suggestions are listed for your assistance. You can make simple adjustments on your tractor that will improve its operation and save you the time and expense of hiring someone to do it for you. Always make one adjustment at a time, and if the adjustment made does not improve the condition, return to the original setting before proceeding to the next adjustment. Hard Starting Cold air temperatures. Insufficient fuel.
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