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South Central Iowa | I know what a low volume pullback that holds trend support is suppose to mean....... We should see corn up and back through the upper end. A lot of corn energy depends on soybeans and we have bad vibes coming from crude and who knows how the interest rate hike will actually affect the Dollar, buy rumor sell fact, or buy rumor and buy fact. Greater outside forces might be aligning against, but I'm not sure. Your weekly demonstrates well that corn is low, so what is the risk-reward for the short side? 20-30 cents and a risk of 30-100 cents? That is being optimistic for the short sellers as well; I really think they have another 7 cents if they can even break here.
Let's go Full HOPE PHASE on soybeans! Haha.
Glad you got your charts figured out Blu, looks like you had multiple bouts with it.
Edited by Conan the Farmer 3/12/2017 15:35
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charts posted
