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NW Indiana | I think they are taking a wait and see approach. Everyone gets aggravated that they lean bearish on the numbers but what it boils down to it is easier to ration supply then it is to stimulate demand. If the June stocks confirms what the march stocks indicated they will need to raise feed usage. They have the possibility of getting bailed out with a big yield and that could calm the market in early July if that is the thoughts but if I'm correct on acreage and the need for demand increases that early July time frame could be set up for some serious fireworks with any concerns on yield. | |
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Today's corn exports makes yesterdays wasde a joke
