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Buxton ND | In just the last 2 day OI has rose 50k in corn,the biggest jump in quite some time,new monies coming back into the market Not all that 50 k is buying tho) once we broke that 7.35 level ! ! ! ! ! Today looks like it could close over the 100 day @ 7.42,since we broke the 100 day its only close over that level twice,solid closes OVER the 100 day should keep bring new monies into the market with a target of 7.65-.70
Only down side I see is Crude and RBOB look toppy and a rising corn market and falling energies will just put more hurt on the E plants..........
Dollar put in a new contract low and is currently .40 tick of its lows on very heavy volume for this early in the morning,,,,trend changes often happen on high volumes days......... | |
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Open Interest
