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MU1979
Posted 7/9/2020 21:54 (#8364367 - in reply to #8363068)
Subject: RE: Prices


Missouri

I personally am nervous about the fourth quarter this year.  Given the current political fear factor.  There is no reason to think it will get better.  October surprises are a norm in presidential election years and would expect this one to be no different.  Anyone that thinks this economy is not hurt need to open ones eyes.  While I do see a shift in purchasing and demand it is hard to recognize and track the real effect, but they all look negative to me.  I have strong reason to think the stock market is being supported and a serious risk to that bubble from various arrows could pop it at any time. This could easy be one of the October surprises. Should for some reason the Nov elections bring Socialism officially to this country you won't need marketing as all rules are off the table.  Should we really be in a drought weather market and corn goes up and China keeps buying well these questions we will know the answers to in the next 30 days.

Then I personally have been following the Jan Feeders.  If I can get the chart posted was amazed how narrow of trade it has been.  Its like pictures say a thousand words. I have the 1.40 level as a target and ever since I set that target at 1.38 level the market has trended down.  Bottom line if it was not an election year I would say its to early, but this year looks to be a good one to bet on the high political anxiety.   



Edited by MU1979 7/9/2020 22:03




(feedercattlechart1 (full).jpg)



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