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| But that could and probably is old news to the market right now. Is the market trading the fact that we are 90+ and no rain for the next 2 weeks?
It went up pretty steadily in a short period of time with no real pull back. Dry and hot isn't really new news on the fundamental front.
Does that mean it's out of steam? Who knows, probably not, but there is more money watching the move in new crop corn and soys than any other commodity right now. And dry and hot is not a surprise today. | |
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