Corn Update: ECBOT market was pretty quiet overnight on continued selling on light volume. Traders said they saw fund liquidation yesterday on expectations of a good crop progress report and continued good weather across the corn belt. Funds sold 8,000 contracts yesterday, about double the number that was bot on Friday with traders saying that it was fund liquidation and profit taking. Traders estimated crop conditions of good/excellent at 70% and actual USDA number was 71% released after the close. As one trader said, market moved higher in anticipation of hot/dry weather and it just didn’t materialize with the consensus weather forecast now bearish for corn. Even though the rain coverage is supposed to be 50%, totals could be spotty.

Bean Update: July Soybeans closed down 5 ¾ cents after Fridays rally. Overnight we are slightly weaker, ending the night session down an additional penny. Traders say favorable weather and fund-driven selling is casting an overall bearish tone on the Soybean complex today. The USDA released it’s weekly crop progress reports indicating that U.S. Soybeans were off to a good start. Initial ratings show that 70% of the crop was rated good to excellent, above trader estimates for 65% to 69% and above the year ago rating of 62%. The USDA said the crop was 89% planted lagging trade estimates for 90% to 94% planted but ahead of the 5 year average of 81% planted. The USDA reported export inspections of U. S. soybeans last week at 9.2 mil. bu. within the range of estimates for 6 to 11 mil. bu. Funds on Monday Sold 2,500 Soybeans, 1,000 oil and bought 3000 Meal. Chinese Soybean futures closed mixed overnight. Malaysian Palm oil futures closed mixed.

The parity between golf and cash-crop farming is remarkable. Each is often dependant on the weather. Each is often frustrating. Each is often very enjoyable.

Some of the new features added to the Farms.com site:

New streaming media – both audio and video are available for free to users – there is a wide range of agriculture TV show content that can be watched via the computer and internet.

Additional Expert Commentaries and Analyses – several new industry personalities are providing regular insight on a wide range of topics, such as business management, marketing, risk management, production and finance.

Improved farmer discussion and chat forums – allow people to ask and answer questions – share opinions on new products, market situations and government policies.

Agsoftware.com is a business unit of Farms.com Ltd., one of the leading market and information companies in the agriculture industry. Farms.com AgSoftware has an impressive array of clients, who include the leading agriculture companies in North America. These relationships have been evolved over the years and continue to strengthen with each new product launch and rollout.

The Online Tool for Grain Procurement

In the Dynamic Pricing Platform, Farms Technology has created a software tool that electronically connects all 3 participants in the grain procurement process via the Internet. The DPP connects the futures market to the grain buyer to the grain producer and, if a transaction is made, the DPP can automatically generate a futures order to hedge the recent grain purchase on behalf of the buyer.

Corn - Now is the time to look at your stands and assess your spring planting results? What should you be looking for? Planting depth, planter singulation (skips, doubles and triples), population, uniformity of emergence and any insect, disease or weed concerns. Start your walk on the headlands looking for weed escapes and compaction concerns. Once into the field, dig up some plants and record the planting depth.

National Daily Grain Review (PDF)
United States Department of Agriculture
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Crop Progress
Released June 5, 2006, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture.
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Farms.com Ltd is pleased to have partnered with TradePub.com, a leading magazine subscription organization, to offer our website users the opportunity to subscribe to many leading agricultural industry magazines....FREE of charge.

AgFreight.com offers Shippers a FREE membership that includes the following features:

• Unlimited Load Posting: AgFreight.com has a number of user-friendly features that makes posting your loads a quick and easy process.
• Unlimited Access to Truck & Lane Databases: Search for available trucks listed on the web site and contact the carrier directly to make arrangements for load pick-up.
• Unlimited Access to the web site: Log on to www.AgFreight.com 24 hours a day, seven days a week from any online computer.
• You also have access to an extensive list of information such as commodity prices, highway conditions and fuel prices.

Try our Demo: Click here

Sign up for a FREE Shipper Membership: Click here

eCustomer is also available in Spanish and has multiple currency and units of measure functionality to meet the needs of the international marketplace. eCustomer Spanish can help you create stronger customer relationships and improve customer service by breaking down the language barrier.

Give us your website and we will take care of it for you!

Website Hosting
With the need these days for leading expertise in hosting mission critical applications, the agriculture and food industry demands reliable and scalable infrastructure for its eBusiness and internet solutions. Farms.com AgSoftware is pleased to offer its clients a fully managed solution in a Tier-1 hosting environment. We have joined forces with Q9 Networks to offer this valuable service. To learn more about Q9 you can visit their website at www.Q9.com and give us a call and we can discuss how we can help you.

eBusiness Security
With Farms.com AgSoftware’s AgServices, you can feel secure because you are secure. Farms.com gives you this security with:

State-of-the-art data centers that provide a highly secure physical infrastructure, including the latest in biometric authentication, video surveillance, and round-the-clock security officers, while at the same time permitting unannounced 7 x 24 customer access. The centres are engineered to eliminate any single point of failure, with multiple layers of redundancy in power systems, HVAC, and fire detection and suppression. All systems are monitored 7 x 24 through a Q9 Network Operations Centre (NOC).

The network, a high performance network that connects directly to all major Internet backbones, effectively placing customer web servers at the core of the Internet. With over 30 Internet connections, Internet traffic is automatically routed around network outages to ensure web sites co-located with us always have the fastest response times available.

A complete suite of managed services including dedicated servers, systems monitoring, firewalls, VPN, load balancing and backup/restore. Farms.com also provides complete visibility into customer equipment and services through the Q9 web-based customer portal.

AgriFood Innovations is a leader in providing strategic consulting, online branding/marketing, website and database development services, as well as information technology and specialized programming. Our core expertise lies in the following industry sectors:

• Agriculture
• Food
• Biotechnology

Our understanding of the agriculture, food, and biotechnology sectors combined with our technical expertise offers you a unique service offering and toolset to help you succeed. Since 1995, the team at AgriFood Innovations has assisted numerous agribusinesses in developing their ideas from a simple concept to profitable reality. And we can help you too!

- strategic business planning, technology and marketing consulting	- creative/branding and ecommerce development	- managed hosting solutions and network support
- resource library of positioning and research reports	- an exclusive membership that taps you into our inner circle	- suite of web based technology solutions for ebusiness

Ethanol Dazzles Wall Street, White House
06/05/2006
COON RAPIDS, Iowa — A tractor trailer rig rumbles into the Tall Corn Ethanol plant. Corn pours from openings in its belly to bins underground, where conveyor belts and buckets haul it to gleaming steel silos rising 13 stories above the Iowa plains.
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