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Buxton ND | 7040,
10.60 is the RR track of resistance above in front month beans. Its stopped any rally dead in its tracks since late 2014. Adjust for the inverted market to ZSX Its so close now could just as will go hit 10.60ish just to say it did.
OI declines again from today's trade in beans, down 6k to 794k, this was pushing 900k on the 19th and dropping since
OI dropping IS NOT new money coming to play beans.
Its called a short covering short rally.
OI dropping IS NOT, I repeat IS NOT a run-ways bull market that some hope/wish/want it to be.
So "We're the Beef" ? We're the bulls buying ? The facts are and have been they are not since April 19th*****
IMO their going to have some fun with corn ! ! !
WHY ? Same reason a dog licks his balls,,, because he can ! ! !
AMEN Deeppig AMEN, for many years back in 1980's IT MEANT ABSOLUTELY NOTHING, many just can not seem to understand this.
"The value of any commodity has ABSOLUTELY NOTHING with cost of production....period."
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with all the talk
