There will be a field hearing for anyone interested in learning more about the rules or providing comments or objections, on Friday, February 20, at Youngquist Auditorium, University of Minnesota-Crookston, from 8 am to noon. Behind the backdrop of bearishness remains solid commodity demand and the first real signs of stability in Asia. Pro Farmer points out that the Japanese yen has posted a recovery, and even South Korea has started its buying program on US corn. If market bulls can stand their ground through this uncertainty, demand may pull all markets higher by late February. If tax-exempt gasoline is used in licensed motor vehicles, whether all or a portion is used off the highway, the excise tax applies to the total amount used in the licensed vehicles.
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November and December prices averaged 22 and 32 cents higher, respectively, versus August in this period. The seasonal rise beyond December is less pronounced and concentrated in the tail end of the marketing year. Usset notes that seasonal price movements in wheat have become sharper since loan rates were decreased in 1986. Seasonal price moves strongly suggest that most sales should be completed the end of December. But holdings to late spring do entail much greater price risk.