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nwinski wrote:
>
> James Knox wrote:
> >
> > 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
>
> James,
> In this case the axiom should be, sell the rumor, buy the news.
> You should pay attention to what the market is telling you and not to
> the govt. and the BS news. Anyone remember how there were no Soybeans
> and that we were facing a critical shortage, just 6 months ago? A better
> way to go is to study cycles. Watch Aug. 15-18 for a good change in
> trend for the grain complex. Which way? I knew you were going to ask
> that question. The answer is that we will just have to wait until we
> get there. If the market is down into that period, I will be inclined
> to buy. If the market has rallied into that period, we we be inclined
> to sell. Check back with me circa Aug. 13-15 for an update.
>
> Presciently,
>
> Norman
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