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Buxton ND | Yogi I will let my hedge/play hedge ride. Would have sold another but already in a ZSX16/17 spread so thats enough.
From what I follow I see no reason to lift NONE.
NO reason to get scared out by a planting carrot rally, very normal.
There is decades of history on this planting time frame rally's.
Yet I've see NAT get all super bulled up really fast, that's warning flag in its self.
Monday's news of all the rain damages in Argentina is such old old old news its not even funny. Its a futures market, looking into the futures, ITS NOT LOOKING 2-3 WEEKS BEHIND US GUYS.
Will stick to my guns as to on or about about June 27-28th buy corn/sell beans as a spread trade, IMO this planting carrot rally in beans is gonna make for a ugly June 30th report for beans.
AGAIN really look forward into new crop soybean bookings, but that's bearish so no one want to hear it.
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Beans printed a new high
