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Published November 11, 2013, 08:01 PM

Crop report shows numbers were pretty stable

Crop prices have taken a major hit in the past few months. The USDA October Report is always a major player in determining which commodity markets will go up or down. Due to a government shutdown, the report was never released---which makes the November report even more important.

Crop prices have taken a major hit in the past few months. The USDA October Report is always a major player in determining which commodity markets will go up or down. Due to a government shutdown, the report was never released---which makes the November report even more important.

Surprising to many, the numbers were pretty stable. But Eugene Graner with Heartland Investor Services isn't expecting the grain prices to reach new records anytime soon.

"Here's the problem. You don't want high grain prices because of a crashing dollar becaue you are still broke. Everything you buy is just that much more expensive. Rents go up, fertilizers go up, you don't want to experience that, but unfortunately that is something that I see in the future. Is that a crashing U.S. dollar is going to cause the grain prices to rally and you really aren't winning," Eugene Graner, Heartland Investor said.

The USDA projections for Corn production only changed 1 percent from the pervious forecast. Soybean production was up 3 percent from the last forecast.

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