Illinois Steve - 7/20/2017 09:10
I think they may have even been trading higher than 166. Agree there is room to run yet. Crops ratings will likely fall where they have already taken a beating and stay steady or go higher in better areas. A lot of rain has fallen in the last week. So I definitely think this market has some wind left in its sails but one needs to temper their enthusiasm a little too. As you say weather looking forward is a huge deal.
I have two sources giving the 166 number. The wasde report tempered the rally due to the fact the 17-18' ending stocks wiped out any yield reduction down to the 166 number the trade had priced so it was back to basically square one. | 
Some night on here...
