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Posted 4/23/2014 10:36 (#3831867 - in reply to #3831858)
Subject: RE: same game, new name???


Buxton ND
Here's a post that's as important as the weather but it does not get much attention. We have been fighting money leaving in wheat,much more so corn and IMO beans time will come too.

Corn at its OI peak in 2011 had around 1.9 million contracts open,today its just under 1.4 and that 1.4 is on the high end for will over a year. Corn HAS LONG LOST ITS SHINE in the traders eyes. When producers sell corn and the fund money is not there to take the long side of our trades it makes for big down moves as we saw in 2013..........................

Now looking forward into beans for 2014,IF we have a good crop on big acres and the fund boys wanna go short beans as they did with corn in 2013...IMO this is a huge risk going forward in beans. We have past history of bean and corn trading places as market leaders or market dogs. Some will counter this post by saying China will buy every beans we rise,,,,,,,,,,,,this WAS NOT the case in 2004.......... As harvest neared the China men stabbed the big bean bull to death.........................
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