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S Illinois | Farmers are not predominantly on the bearish side yet. Stored unpriced grain inventory make them automatically bullish even if farmers don’t explicitly say it. Until some of that is whittled away, there is still a very large bullish bet in the market.
Edit: However I don’t see much more of a downward push. More like time biding until the US growing season. Something along the lines of a 40 cent range in corn, $1 range in beans as end users and farmers push and pull price to entice movement. Somewhat of a boring market.
Edited by w1891 2/4/2024 21:32
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Positives for grains
