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| In my mind..I have yet one contingency tucked away...the soybeans continue to have a great story. except I feel it is correct for producers to take advantage of this recent bulge....the market expects a few early SA beans...but still some uncertainty about Argentina....but the fact is we are in a short term protein short period...Fish Meal is trading above $1300 & makes distillers grains & meal appear attractive, yet we do not really know the USA crop sizes....and may not know the real situation until the second stocks report in 2010. We know the size is large but we've seen large numbers and only the Lord knows the situation at this time & in my experience he reserves zero sympathy for commodity traders. Add an Alice-in-Wonderland economy and it is a day-to-day tenuous situation....sort of like being in shark infested waters with a fat guy in a leaky boat, no shore in sight with clouds on the horizon & wake up during the night wondering why I did not select an honest profession. | |
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Any thoughts SC
