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As for the corn market
A corn trader that sees the world through a technical lense offered up these thoughts, going forward, for the corn market.
"Yeah, as I noted back on Jan. 21, 2020, I like corn to go back up to $4.00 per bushel, but that it would initially meet resistance. We are in range of $4.00 and $3.67. Which, if we close under $3.77, on Friday, we will test that lower area. Right now, nothing says break out above or below this range," he says.
Mike
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Cash corn
Cash corn in areas of use costs quite a bit more than futures quotes.
Say it takes bout $4.55 to 4.70 to lay in corn currently.
Even so it's still cheaper than feeding wheat.
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Re: Cash corn
watching "world" futures and marketing local doesn't make much sense.
Basis and cash trade are very disconnected from futures watchers. Grains act more like cattle futures these days.
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Re: Cash corn
Maybe a Prime Membership Order, could get some FREE SHIPPING next day , action to your door step - ?
Leaves me asking as of late, does a cruise voyage, come with a free, forehead - temperature thermometer - ?