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Starbuck Manitoba Canada | Farmpro it looks like your line is drawn just to justify your $3.14 price target. Does not make any sense to me. I disagree with you comment below on the world being awash in grains and oilseeds. Next years prices will be better. We may see a V bottom and a steady crawl back to good/strong prices 2-3 years out. Hang in their people.
You have been right for some time now. I thought the long term price support at $4.25 would hold, but it did not.
The yields in many areas are tremendous, and the trade seems to know it.
I now think the $3.00 mark or very close to it will hold for corn, and beans may dip slightly below $9.00 | |
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Corn Chart
