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C IL | Gonna guess:
1. Global futures market, apparently SA has some extra bountiful corn harvest this year. A week or two ago I read their excess maybe absorbs 5+M acres of PP corn, maybe it was 10M ac.
2. Big carryover this year, wont be short for 12 months
3. Sucker cheap corn out of whoever must or is willing to capitulate
4. IL/IN PP date isn’t until Wednesday, lots of progress made since Saturday through tomorrow.
5. USDA hasn’t revised S&D projections yet, updated yield, etc.
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This is the black swan of the corn market for the past 80 years
