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NWMO | I think it’s a decent analog, but just like with the weather, an analog year can’t detect the nuance of the current year.
I have a hunch that the market right now is a little too bearish. I don’t believe corn should be $5.50, but I think $4.60-$4.90 is the better trading range for new crop corn, and I think we’re going to get back there at some point over the next month.
Of course, I could be wrong, but that’s what speculation is. | |
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Is 2024 repeat of 2014?
