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It looked like a down hill race ... now things are somewhat interesting.
Does anyone see Dec Corn still hitting prices of $2.00 - $1.90.
The USDA report on July 11th estimated this year's crop down from its
June estimate. Even so, the crop is still estimated at 400 million
bushels bigger than last year. So while the estimate is down - the
overall net is still up. Given the rainfall that is hitting the crop
this weekend, you would think that prices would decline further on
Monday. I still see the market as bearish, even though signals are
alerting the upside. Any thoughts would be appreciated
Thanks,
JAMES
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