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Central Illinois | Barges were having trouble getting thru the ice above the Mel Price Lock last weekso the StL market was/is supplying the gulf with in time corn. Couple that with non-existent farmer selling with the board down over 40 cents you will have little carry in the market. The market is telling you it wants the corn right now. With corn being lower basis levels should become attractive again. Look to enter a basis contract and leave the futures open to price on a rally somewhere in the 3.95-4.10 MArch Futures area | |
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St. Louis Corn Market
