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Ag markets diverge just before the long holiday weekend
Corn futures performed well early this week, especially in the wake of the bearish Crop Progress report released Monday afternoon.
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Oil edges up on book squaring, but posts big weekly drop
Brent oil prices crept higher on Friday, as traders exited short positions ahead of a long holiday weekend in the United States, but the weekly percentage drop was still the biggest in more than a month.
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Hog Outlook: PEDV now in the U.S.
PEDV, porcine epidemic diarrhea virus, has come to the U.S. It is similar in symptoms to TGE. Like TGY, it causes a lot of death loss in baby pigs. Older pigs get sick but often survive. PEDV affects no animals other than pigs, so it shouldn’t have an impact on pork demand.
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Traders evening up positions ahead of the weekend Friday
Corn futures performed well early this week, especially in the wake of the bearish Crop Progress report released Monday afternoon.
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Senate votes to cut insurance subsidies to rich farmers
The wealthiest 20,000 U.S. farmers should pay more for taxpayer subsidized crop insurance, the Senate voted on Thursday, adopting a measure that blended deficit reduction, populism and farm program reform.
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