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SESD Sious Falls | Wild Axxed Guess (WAG)
So, you think the market price was fundamentally sound when the price of corn was $1.30. How about when the price of wheat went to what $25? Was there people saying yes I need that bushel of wheat for $24.99?
Speculators drive the market under or over the fundamental price all the time in the short run.
P.S. I think corn is underpriced at the moment given the fundamentals.
Edited by DW11 7/6/2012 23:24
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