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Buxton ND | Last year Nov 2012 Source Friday's report
wheat 198.2 174.2 yes it down but far from anemic,prices very close to last
corn 131.5 118 down from one year ago but price is up but price is roughly $1 higher
beans 54.8 60 price $3-4 higher
IMO the trade has already traded these numbers,traded much lower numbers in US beans 2 months ago.
Common sense tells me a much different story... More so in beans,,, that HUGE SPEC money that drove beans near $18 has/is/are leaving the market place for many different reasons.....My idea of common sense and your idea of common sense and the large funds traders idea of common are much different. IMO without that huge spec money back in your markets there's no way in God green earth will we go back to those $18 highs.....
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options market is mispricing futures, ja
