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Buxton ND | I'm backing up the bulls here ! ! !
This morning 80.2 mb market year HIGH, 80 is a dam nice number and we need quite a few weeks like this or better.
SIF The fundamentals had very little to do $8 cash corn for darn near everyone, for my area 8 cash was only there for 2-3 minutes tho and it had to be in the bin to get it. New crop basis was -.70/.80ish up here.
Grains are actually a small party of these "fund money"s, a small % of their investments in commodity's in the whole scope of things. The spec numbers we know today, how their tracked only date back to 2006. 2006 Little Bush sign the RFSA, harvest low that year was 2.17,,, winter high @4.50
That 2.17 low,,, was August 2006,,, Crude was ALREADY in the 70's, IMO and my opinion only "someone/s" KNEW Little Bush was going to sign that RFSA long long before we saw him do it on national TV***** | |
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