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Veteran Contributor

Corn Chart

Looks like shorting the market in anticipation of the USDA's forecasted large crop was a good move. 

 

Shorting 4.10 September Futures all the way to the bottom of 3.40. 

 

It looks as we go to the roll from September to December futures, September will retreat back to it's bottom of 3.40. 

Corn Chart.JPG
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2 Replies
Contributor

Re: Corn Chart

Featured today in the Successful Farming Newsletter is the following related article...

 

Corn Crop Matures at Fast Pace, USDA says

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Honored Advisor

Re: Corn Chart

Ceeplace,

 

Explain what this means

 

"For spring wheat, USDA pegged harvest at 77% vs. 61% five-year average."

 

 

77% done, or 77% good to excellent.   One would be good the other would not be good.

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