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Buxton ND | We are still near record highs historically, I would have to agree with NorthMo its too early spending money hoping for a drought. If SA gets a fair to good crop of corn,plus 2nd crop corn and a lot more acres then last year because of the high price of corn.
Drought next year,like this past years with no sub-soil expect for the eastern belt...Yield much lower on corn,could Uncle Sam sit back and DO NOTHING ? ? ? This time last year many were talking drought,markets did not react til mid -late June and not before trading to $5.50 June 1st.
Then NO BTC and NO import tariffs,Ethanol's been around for 30 + years and we're only 11 months into it with them standing on their own 2 feet with margins in the red for many months....Also,,, RINS,,, and E import... Something I have not hear in any farm news,,, E imports where up 797 % year over year for the month of October source EIA reports. Many are talking 4.7ish bb Ethanol usage for corn in the 12-13 marketing year IMO their smoking weed ! ! ! ! ! | |
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Corn Calls?
