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The end of next week will be the beginning of November, marking a transition past the busiest harvest month and shifting the focus from how big the crops were to how they will be used going forward. What will still influence the market heavily during this period are the immediate decisions about selling versus storing. Farmer selling interest will factor in alongside regional production and space considerations to help determine where basis and board prices are headed.   Grain storage capabilities can be put into perspective with a few numbers that include the latest USDA estimate for total U.S. storage capacity of 25.5 billion bushels. The amount of space owned on the farm holds a slight edge over commercial capacity. Adding up corn, soybeans, wheat and other stored crops, it could be estimated that storage capacity on the national level was less than a quarter full coming into the fall row crop harvest. The new corn crop represents almost 60 percent of total storage and this season’s soybean production estimate equals about 18 percent of national storage capacity.   It matters where the storage surpluses and deficits have developed. Just like the national yield averages, looking only at storage utilization…

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