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SE IL | I really dont know what Biden has to do with it. This market has been way over bought for sometime. Fundamentals really dont support some of the prices we have seen, especially for corn. Soybean wise the world isnt running out of them, but here in the US its going to get very tight. Many endusers of corn arent making money with 5+ corn so something has to change. Maybe corn is too high? Maybe ethanol/energy is too cheap? Maybe meat is too cheap? Maybe a combination of the above. Either way there has been a great opportunity for some great sales of old and new crop, and still opportunities will lie ahead. I dont paticularly care for the new admin but arguing over it like 3rd graders is something politicians do.
Edited by Deere6 1/22/2021 20:23
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Commitment of traders
