Wednesday May 27, 7:30 a.m. - Corn and soybeans were in the negative yesterday and wheat was down hard. Overnight futures are mixed. Oil and our dollar are down as the U.S. dollar's strength is showing. Especially against the Euro as fears of Greek's immenent loan default payment places much weakness on the Euro. Our dollar is currently trading at $0.804 U.S.. Wheat has been unable to rally on the news of the negative weather affects in the U.S.. The market seems to be hung up on the overall projections for wheat production world wide. Planting progress reports 92% of corn and 61% of soybeans planted in the U.S.. We are definitely ahead of that pace in Eastern Ontario. Although their is some soybean replanting going on after last weekends frost. Corn and soybeans remain pressured as prospects for a good crop in the U.S. this year remain positive. Please call Geoffrey Guy at 613-880-2707 if you would like any direct ship pricing. Prices quoted herein are for product at our elevator.
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OMAHA (DTN) -- Every day, U.S. trucking companies are forced to refuse hundreds of loads due to a short of drivers, and the problem is likely to get significantly worse over the next decade, according to a recent University of Tennessee report.