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 - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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