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| I’ve been quiet because the action during a bearish report was very bullish. It reminds me of wheat during 2008 where the fundementals didn’t justify the price action. It kept rallying because the funds were bleeding out the Canadian wheat board who were fully hedged and margining. It only stopped when the banks forced capitulation. Who is now on the other side bleeding out and when do they capitulate.
There was nothing in the report to justify a 20 cent move in beans.
Edited by Swmnag 9/11/2020 17:38
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Did I miss the announcement
