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Ontario's middle east | I think the mid 8s are the upperside. We have failed to find a market at that level in 11 and 12. Its not the commercials buying in volume at those levels. That being said the market is going to do what ever it needs to do to make sure we don't run out of corn. I like Ray Js take on it " As long as u got a check book u will be able to buy corn" I really hope we don't go above that. We will not reckonize the landscape after the demand destruction of $10 corn IMHO. I'm still digesting this report. The rationing has not been as high as I had thought. I accept that and it explains high ethol stocks and like I said last week, we generally don't invert without good demand. | |
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chart added - Corn 011213 Dec 13 a
