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Mascoutah, Illinois | Did you see the price action in the Euro versus the dollar today? The Euro screamed higher due to our poor economic data released this morning. I am no fan of the Euro, but I think it could move higher over the next month versus the dollar. This price action along with the suprise numbers from the USDA may continue to fuel this rally in grains for three to four weeks. Within that timeframe, we should have most of July off of the calender and we can reconcile the crop somewhat with concerns over weather. | |
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