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| I would not venture a guess on this deal. In fact USDA will be unable to achieve an accurate estimate, they will have to derive and confirm a number from the stocks report & we may not get a finite read on those until the next report. The funds are a little more long the corn than is comfortable but the small guys are pretty short......the mix appears more on the cautious side........soybeans are getting a little loaded on the old crop, but again I've seen prior periods with more levered longs......I feel safer in the livestock at this moment. | |
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Corn price after report??
