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IN | Good post and info. I think short term we are locked into this sideways to slightly marginal climb up to the 4.50 range fo awhile because of the acres we had this year. Next year could be different because I don’t think there’s a lot of farms that might have planted corn this year on acres that will continue a COC trend next year. Especially if soybeans continue to raise in price. One bad spring away from $6 corn for next year IMO. Accelerate Chinese buying or Brazil crop concerns and a decline in US yield in January and $5 should be easy to hit. I believe carry out going to be lower than expected with good demand and a possible reduction in yield. Could catch the market off guard. Happy Thanksgiving and trading to all. | |
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Maybe a little hope for the corn market
