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Northwest Iowa | Key reversals are wonderful. A couple of important caveats that need to be addressed though. We will need follow through of the new trend. We also need to have the turn done on heavy volume. The beans actually had a very heavy day on Jan 12. Heads up is what it is telling you. Another indicator that should be watched is that even $ increments of a move will get traders attention. March beans are down about $2.25. At $2.00 we should be watching for a change of trend. Corn probably .50 or 1.00. | |
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Market comments - outside up days & key reversals
