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Buxton ND | Wheat
How much of the corn rally was wheat pulling it along ? The close did not like the hedge pressure either corn or beans. Wheat hedge pressure is long gone plus producers stop selling in an up market. Right now the best thing corn has going for it is wheat and short covering. My upper end target this week would be 3.64
Election rally ? Will stay out of it other then that.
$2.90 in 2008 up to 8.492 2012's high, back to $3.01 - 2.90 = .11 can be called "close enough" we may just have to call it close enough. IMVSO this low WAS driven by producer panic/forced/tossing in the towel selling majorly driven by DP contracted needing to be prices. Facts of this will never be known unless ABCCHC gives us a peek into there computers. | |
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Corn?
