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| Wish in one hand, spit in the other, see which fills first.
There is no reason for corn to be higher. None, zippo, nada. Adequate supplies, iowa and Illinois crop ratings are 13 and 11 points higher than the 5 year average. No big negatives to historical yields. Livestock numbers are down. Until something pops up—- drought, wind, hail, flood— or something spurs demand, there is no reason to think about higher prices.
Weather will likely kill this crop a couple times before harvest—it does most years. But we might be $.50 lower before the dead cat bounce shows up. | |
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Corn carryout.
