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CME Group: Grains Turn Focus to Crop Progress

By: Kevin CraneyOctober 17th, 2011 1:18PM CDT

Grains trade mixed in the overnight session with little in the way of fresh news to drive prices higher. The market will be watching the crop progress report that is due out this afternoon for clues as to how harvest is progressing. The market is anticipating a significant jump in corn and soybean harvest as rainfall across the belt was limited over the weekend. The markets will look for continued demand from Asia in order to add fresh long positions.

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Kevin Craney
Senior Commodities Broker

Kevin Craney's career in futures stems from his keen interest in trading and the markets, as well as his background in production agriculture and finance. This knowledge along with a bachelor's degree in Agri-Business from Western Kentucky University have enabled Kevin to understand the hedging needs of agri-producers, to help them manage risk and assist them with their business needs. While completing his MBA at Indiana Wesleyan, Kevin pursued a career in finance in the corporate arena as well .... Read More

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