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Central Indiana | Been a little preoccupied lately as we had our first born baby so haven’t kept up with market lately. I know USDA refused to lower SAP yesterday even though conab did. Also saw stocks were a little more than trade expected so not surprised at the red close. But now this morning as I’m typing beans up 17 and corn up 5? Oversold or funds covering this morning? Miss a flash sale overnight to some unknown (china) or Mexico? What’s the consensus against bouncing off the support and maybe testing the next resistance levels? | |
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Thoughts on current green?
