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NW Ohio | Thanks for the charts NoDak. I also believe we are close. Reactions have responded very well and sellers have done a good job. Wheat doesn't get much credit on here, and hardly anyone talked about the spike in wheat prices, just as combines were rolling. Fundamentally, it made no sense. Corn is reacting somewhat the same. Maybe have a small rally in the next month, then pull back again before a larger swing.
Also, take a look at the dollar (mentioned briefly by Fry below), and ethanol futures. | |
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Where's the low and when will it be.
