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| I'll admit it doesn't appear to be a shortage of corn around, but it think a lot of that is just contribuited to the fact that of the 1+ billion carryover and the poor quality no one wants to be the one with old crop in the bottom the bin come harvest and combine that with idea of a early harvest coming people are using the rally to dump it.
I don't know what to make of the crop report yet, I don't expect any big changes to old crop carryout but I'm most concerned about 100-200MB drop in ethanol production. At these prices its not worth the risk of being long into it IMO.
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are emotions taking over the markets???
