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GRAND FORKS, ND (January 11, 2017) - After a very quite fall with no share activity, things have picked up nicely over the past few weeks. “After the payment was released, we didn’t have any activity from October 31st through the middle of December,” said FNC ag stock specialist Jason Menke in an interview with the Red River Farm Network. “Then the last week of December through the first week of January we moved 313 shares at $2,250 per share. Last Friday (January 6) and yesterday (January 10) there were four sales totaling 144 shares at $2,350 per share.
American Crystal share prices continue to hold up fairly closely to what was seen last year in a $2,200-2,500 range.
“The number are close to last year, we just have different dynamics were are working with,” continued Menke. “The crops south of HWY 2 were really good for the most part and because of the excessive rainfall in the northern part of the valley it’s not really the same story.”
Source: Red River Farm Network