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| Isn't that how it is supposed to work? Higher corn price brings in more production. It gets especially attractive on cheaper land where there are $ left over for irrigation and more consistantly higher yields. If there is significant overproduction, there will be a correction. Check that, there will be a correction if funds stop parking money in commodities because they have no where else to put the money. Right now fundimentals are just little news blips.
Thanks,
Pat | |
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Corn belt has moved
