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Central Iowa | Moving to the March contract, that same line is around $4.50. Looks like a tough line to cross (old support line and 50% retracement line from the high and low over the last year). Upward trendline holding today that crosses the 4.50 line about Jan 1st.
Also interesting that since Oct 1st there have only been two times where we had multiple down days in a row (third time just happened last two days). Both were followed up by 4 or 5 up days. | |
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Corn 4.2850
