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Not a bad place to be thinking about it. It is the last place buyers were confirmed. If its gonna bump, it had better do it here. Remember back last summer when corn tested its last known buyers. It rallied about 30 cents, and ran into sellers. Longer term in wheat. Price telegraphed balance and from there, you can project the stretches - and the likely area from where the next bull run will originate.
Edited by jpartner 1/12/2014 09:04
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