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Indiana | Hey Donald, you say that cash is $5.50 now so $8 is possible. Why do say that? That’s almost 50% increase. I don’t know much and just want to understand the thinking.
I saw a chart on here where guy also said upside target was $7.44.
I understand that carryout should continue to drop until next harvest. Also I think Biden will issue less ethanol waivers to refiners. Producers are projected to be 85% sold on corn. No addtl US corn till Aug I think. | |
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What is driving corn market? Is short covering a factor?
