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Mascoutah, Illinois | The market is stuck in a trading range. The bottom of the channel in July corn is $3.51. The top of the channel is $3.76. We closed at $3.59 on Friday. You can debate bullish or bearish until you are blue in the face. Until one of these price targets breaks, we have no direction in the market. The only concern being traded right now is panic. Everytime someone farts in Europe, the good aroma takes grains higher. The poor aroma takes grains lower like yesterday due to the downgrade of Spain. | |
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Tuesday?
