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| I was searching South American weather sites this morning and found a few,they all say the same thing hot and dry for the next 10 days, we all know it is not reliable anytime longer than that. The end result is very little rain in the heart of the bean and corn belt with temps ranging from 30 to 40 c. 90 to 110 in your language. I wonder what the world supply demand has penciled in Production in Brazil a 10 million mt drop in S.A. production would take that so called carryover from between 400 and some as high as 700 million down to 50 to 350 million. the only thing saving the shorts butts is so called harvest pressure looking at U.S. weather the northern belt looks to dry out but central and eastern areas look to stay wetter than normal. Sat and Farmpro you are going to get another chance at the gap today this time it wont hold so where do the technicians start to put stops to get out of shorts or god forbid maybe look at the 18 day moving averages and go long. | |
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south american weather
