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2004 vs 2014 chart
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Clay SEIA
Posted 9/15/2014 12:40 (#4075670 - in reply to #4075399)
Subject: RE: 2004 vs 2014 chart



The chart pattern sure has looked similar all along.  Regarding a recovery post-harvest, kind of hard to say yet- but to have carryout % matching the 2004-5 marketing season, we would need ending stocks in the 2.7-2.750 range.  Is the crop gonna hit 15 billion?  ******

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