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Boone Co. Iowa | Blu,
Thanks for those charts. Looking at the Dec 12 daily chart, It looks like we could /should hit that 5.35 double bottom in the next month or so? If we continue in down trend. I'm trying to determine the date, since I think that weather will be major driver in a month. If corn acres are going in, we could continue down...if acres aren't getting planted and bean prices continue to climb, I think corn will make a pretty strong comeback... What do you think of this scenario? Can you extrapolate out the chart and guess when that date might occur?
2nd, I heard a local market guru (who is pretty good in my opinion) mention a gap at around the $6.15 area for Dec. 12 corn...that is where he is telling folks that he'd like to see some farmers do some selling....and he is currently waiting on that. FWIW.
Thanks again! | |
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