Ole HansenOle Hansen , Head of Commodity Strategy, Saxo Bank
Denmark, 07 August 2012 at 06:53 GMT+0
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Crop condition: The percentage of the current US corn crop rated good to excellent dropped one percent to 23 last week which was in line with analysts expectations. The conditions for soybeans were unchanged from a week earlier at 29 percent following eight weeks of decline. The rain currently being forecast over the next couple of days too little to late for corn while for soybeans it may halt the slide in yield. FOCUS THIS WEEK ON FRIDAY'S REPORT ON WORLD AGRICULTURE SUPPLY & DEMAND ESTIMATES FOR AUGUST.

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Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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