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20 October, 2009

Early Snows May Damage U.S. Grain Harvest

Market Skeptics: *****USDA Estimates Are Wrong*****: "The chances of the bumper harvest predicted by the USDA is zero. The US harvest won't be a complete disaster, but they will be down on last year (my guess is lower by 10%)...
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Harvest so far has been about as awful as the new Bob Dylan Christmas album.

Typically USDA's November yield forecasts increase, but this is not a typical year, as freezing weather has dinged yields and caused major crop quality problems..."

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Poorer harvests mean higher grain prices this winter. Prepare accordingly.

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