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NW Indiana | Without covid a strong argument could be made we would have much lower prices. Yes it cut demand but apparently it also cut corn acres by 5 million. Sounds crazy doesn't it? But the market is constantly adjusting to the knowns looking for the unknowns. So if price hadn't dropped so much in march and basis taking a beating wouldn't have we still planted close to those 97 million acres? Or would have the market cratered after the march intentions and we adjust planting after that? All this crap trying to guess were the market should have been is just that, crap. | |
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WASDE rant...
