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| All depends on whose views you read. I've read that if corn yield come in 160 or below there will have to be 300-400 ml bu of use removed. Ethanal production is still up. The yields here have been down and that's a fact. The yield in Northern Il are not any better. That's just my read on the supply demand situation. Room at all the elevators around here. It's only Sept and the Oct -Nov shipments have yet to be made. The one elevator has stadium storage for 2 million bu. It will probably not even be used this year. Last year they managed to have it half full but that was in the middle of Dec when harvest was done in 2009, So with all this 2009 crop carryover, harvest almost done, only the end of Sept. and still room for more grain tells me that perhaps the carryover will go below 1 billion Bu. After tomorrows report it all go back to yieldssssssssssss. Just my 2cents.
Edited by No_Till 9/29/2010 23:24
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Minnesota joe I will play the July dec spread hard tommorrow
