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| Soybeans definitely show declining stocks. Corn, not as serious, but still declining compared to previous estimates at 3 billion to 2.4 billion to now, 2.1 billion. With dryness in Brazil and questions about the accuracy of previous estimates, the trade has been bidding up our corn right through harvest. They maybe feel more comfortable now with a known percentage covered? We shall know more tomorrow and the next day. Markets do not go up, up, up without corrections. | |
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Before you panic, look at the fundamentals
