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This is an abbreviated version – waiting on the USDA Report next Monday at 11am! The mkt put in a seasonal low following the key-reversal-up after the bearish Oct Crop Report On Thur 10/12! Since then, we’ve had sideways congestion – with the “good” – daily export sales & lagging crop maturity offset by the “bad” – harvest pressure & no trade deal – yet!
FACTORS IMPACTING THE MKT
We feel the “DOWN” has been taken out of the mkt – at current levels! That means sideways to up – and this depends on how the yields turn out – our “gut” says they won’t be as good as generally thought!!
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