Linn Group Morning Corn Comment

CHICAGO - Sep 11/07 - SNS -- Following is the morning corn futures comment from the futures commission brokerage firm Linn Group.

Corn ended down a penny and a half on Monday as traders say typical harvest
pressure and expectations of the USDA to raise its corn crop forecast in
tomorrows report. The consensus today is that the market will be quiet and
some traders squaring up positions in front of tomorrows report. The crop
forecast is already at a record 13,054 bil. bu. and expectations are for it
to grow. Funds were quiet on Monday selling 1,000 to 2,000 contracts.
Yesterday the USDA said 43,958 mil bu were inspected for export last week
above estimates for 34 to 39 mil. Weekly crop progress shows corn harvest at
8% complete vs. 5% last year and a 5% average.

Early Opening call down 1 to 2 cents.

Top News

**StatsCan Oats Stocks July 31: 0.556 mln mt; expected 0.6 mln mt

**StatsCan Barley Stocks July 31: 1.49 mln mt; expected 1.5 mln mt

-- Export Sales: 110,000 mt tender floated by S Korea for Non-GMO corn

-- USDA releases its monthly crop production & supply/demand figures
Wednesday at 7:30 AM

-- Wednesday France's ag crop forecaster, ONIC, will release its crop
production estimates & supply demand monthly forecast.

-- EU grains crop forecasts & supply demand figures will be released on
Thursday by Strategie Grains analysis firm

-- Monday's USDA Corn Export Inspections: 43.958 mln bu.; prev week 35.634

-- 2007 overall EU corn production lower by French farmers group, AGPM, to
46 mln mt, down from 54 mln mt in the 2006/07

-- 2007 French corn production raised by French farmers group, AGPM, to
range of 13-14 mln mt, up from 12 mln mt in July & French ag ministry
estimate of 12.98 mln mt in Mid August

-- Dalian Corn futures: mixed, Jan futures 2 yuan higher, May futures 3 yuan
lower

-- CBOT Corn Deliveries: Corn 1,597

-- eCBOT Vol: 71,199; Pit Vol.: 23,184; Open Interest change: -1,028

-- Weather: Above Temps West, Below East. Below Normal Precip. Most of the
Corn Belt looks dry today and Wednesday.

-- Outside markets: Energy complex: crude lower, products lower; Gold &
Silver both higher; US $ lower vs Euro, slightly higher vs Yen

Cash Markets

-- CIF Corn up  1to 5. Sept. +54 to +56, LH Sept. +58 to +62,Oct. +64 to
+66, Nov. +65 to +67, Dec. +62 to +64, Jan. +40 to +45 J/F/M +45 t



If you have any questions or want to discuss specific trade recommendations,
contact me directly.

Jim Riley
Linn Group
877-787-6278
jriley@linngroup.com
www.linngroup.com/

DISCLAIMER: Futures and options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more then their original investment. In no event should the content of this website be construed as an express of an implied promise, guarantee or implication by of from the Linn Group, Inc. that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.

Information on this page is derived from third parties and is deemed to be reliable. STAT Communications Ltd. accepts no responsibility for errors, omissions or inaccuracies in any of the material presented on this web site. Opinions expressed on this web site are those of the respective individuals and/or institutions and do not represent the opinions of STAT Communications Ltd. or its management.