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| The old axiom of "It`s not going to rally while it`s in the farmer`s hands" you about have to buy time. I don`t know if we`re in a situation of it has to drop another 50 cents and then flat lines until December? Or longer, if there`s say 2 billion bushel in farmer`s hand and if farmers as a whole can hold on to half of their old crop (storage room) so 1 billion bushel goes to town in the next 3 months, it`ll get worse unless a unexpected "dome of doom" bails us out. Maybe a 25 cent rally from here would buy most of the 1 billion bushel? Everyone`s expectations have been lowered for sure | |
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