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Crude/Dollar/REAL
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Maizeing
Posted 8/22/2013 05:05 (#3281440 - in reply to #3281336)
Subject: RE: Crude/Dollar/REAL


Ontario's middle east
I agree on crude Sat, a close dn thru 102 and it will get drilled (pardon the pun)
EDIT: almost forgot to comment on the Real. Although you are right in your assertion that they get more for there beans with a weakening currency. The flip side is also true, it costs more for inputs. That may be the bigger story approaching there planting season. Things like iron can get down right prohibitive. You may say they deal with US companies it will be adjusted for the exchange but remember I've been slapped around by the $Can for years. When you get a big swing those guys will in inflict pain as long as they can. It's only quick in the other direction.

Edited by Maizeing 8/22/2013 05:34
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