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2012 isn't a forecast, but it is a reminder
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2012 isn't a forecast, but it is a reminder
Grain markets have spent the last several sessions pulling weather premium back out of the market. Since the recent push higher, July corn has dropped roughly 30 cents, soybeans have given back about 50 cents, new-crop corn is down around 25 cents, and new-crop soybeans have slipped roughly 30 cents. That is not catastrophic price damage by any stretch, but it is enough to remind producers of something uncomfortable: when speculative money decid…
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