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| I'll take a shot at this from another angle ....Crude up 31% roughly ....if you apply that same % to corn you are in the ballpark of a $1.40 more putting it around $6....for the moment my approach is a 10% increase in grain values due to the aforementioned. Thus suggesting May corn would trade to 5.06. Weekly charts express gaps in the $5.20 neighborhood. Grain complex is still very cheap when you look @ other investment options & money is looking for a place to run!!! Let's give them a place to hide | |
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turns in grains
