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| namely farmpro11.........go back and read his posts from late summer into early harvest. if you took his advice, you'd have sold at the lows in this counter seasonal rally. love the statement he made where he felt gas would be 1.50 before 4.00 again a few months back. notice he's not posting here much of late, market wise at least but he does daily elsewhere and it's still any day now.........the bottoms gonna fall out of commod's in general.........montra, rehashed over & over with his bear buds daily.
let's not discriminate if we feel the need to lower the boom on the "doomsdayers" among us! lol
Posted 8/17/2009 19:19 (#814563)
Subject: July 2010 corn
For those of you with storage here is the chart and what you need to be doing...on any rally up to 365-375 this week in July corn, sell that carry in July corn (over 30 cents from December) and get the hell outta the way. MASSIVE crop is out there...with a normal frost were looking at 165-170 yields, with feed demand that is in the crapper and going lower, exports that suck, and an ethanol industry that hasn't proven itself...why would you wait?? Point is carryout will most likely be over 3 Billion bushel on Sept 1 2010. GET IT SOLD!!!! 3.65 will look phenomenal compared to sub 2.50 next spring!
Also notice the head and shoulders that formed that project sub 3.00 corn for CN and 2.65 for CZ. Chart below.
http://i26.tinypic.com/iwng5h.jpg
Edited by Puff Dippy 11/16/2009 18:06
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Agtrader still losing grannys money
