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Anyone pull the trigger on $6 cash wheat for July before the drop
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eddie
Posted 10/8/2007 15:01 (#216306)
Subject: Anyone pull the trigger on $6 cash wheat for July before the drop


Had an order in to sell 20,000 bu when local price out of the field hit $6 that happened two weeks ago and I sold, wondering if that was too cheap to sell at. I know prices have fell off quite a bit since, but seems there is some very good potential for much more. Seems this market is just making a good correction before another run. Any other ideas? I don't like how the weakend ethanol demand is smacking around the corn and seems we have seen the tops in beans. A lot of bleeding bulls laying around but I really think we'll pull out of it, just don't know which commodities will lead and how long it will take to get going.

Eddie
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