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Buxton ND | 100% agree Fryer,except it was done at Christmas and I read last weeks rally as just a way to sucker in (bull trap) those last few longs as the big boy funds quietly exiting the back door as they over stayed their welcome with the large SA crop,YES I did say SA cause IMO Brazil has enough extra areas and yield to more then cover loss's in Argentina unless it super hot and NO rain there in the coming weeks.
Beans have been getting them self's in a big pennant or what I call a wedge,it seems to me chances of breaking that wedge to the down side are increasing. IF we start breaking 12.55-.60 during the day or more so near the closeeeeeeeeeee,start hitting sell stops under this level...............Better strap your self's in for a wild day lower with alot of air under the market on a monthly chart.......................
IF this happens corn acres this spring will start "appearing" out of NO WHERE..................... | |
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The soy market give you...
