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NW Indiana | I would not be placing any wagers on the November or December reports being major market movers. They typically only make small adjustments in these two reports as they prefer to wait for the January report. The more likely news that could allow the elevator to stop is managed money was down to a net 9k long corn position as of Tuesday so likely at least flat by now. Soybeans are down to a net long of 142k and probably closer to 120k as of today. The setup was there is September for this to happen regardless of what the October wasde said. | |
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Buy time
