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Yes, Iam bullish on soybeans. Large specs are short with an average price
just above current prices, and commercials are buyers on dips. Very important
report out Tuesday before the open about planting intentions survey which is
expected to show enormous soybean acreage will be planted. If the number is
not as big as expected this market will rally sharply. If the number is bigger
than expected I think we will open lower but won't stay down too long because
funds are already to heavily positioned.
My two cents.
Bruce Lawrence
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