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SC Iowa | for the rally to make things look better by comparison and encourage some more turnover of grain from the farmer to the commercial elevator/end user
so far, the last 60 days have gone according to Hoyle.....market priced in a large crop after August crop report and bottomed out on last day of August......"perfect" timing for those who had to price DP contracts by 8/31.....
corn and bean markets have fought off typical last half Sept weakness and now we seeing some buying interest come in on Friday and today....
looking for good news-----check out corn usage in fourth quarter of 15/16 marketing year.....2.97 billion and up 8.4% from previous year
we are sowing the seeds of the next cycle in corn and beans with large usage at these lower price levels
I know.....can't come soon enough
Iowacornguy49 | |
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It may be time......
