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CORN FUTURES
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<blockquote data-quote="TexasBred" data-source="post: 807191" data-attributes="member: 6897"><p>Absolutely....check out soybean meal. Soybean oil pretty well sets the market for bean meal and then all the alternatives just follow beanmeal. If bean meal goes up, cottonseed meal, canola etc. all go up just because they can...nothing to do with demand.</p><p></p><p>Last time I looked at corn it was at $6.60 with the national avg. basis $.44 under the board. That would put corn belt corn delivered to me here in Texas around $7.00 a bushel.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 807191, member: 6897"] Absolutely....check out soybean meal. Soybean oil pretty well sets the market for bean meal and then all the alternatives just follow beanmeal. If bean meal goes up, cottonseed meal, canola etc. all go up just because they can...nothing to do with demand. Last time I looked at corn it was at $6.60 with the national avg. basis $.44 under the board. That would put corn belt corn delivered to me here in Texas around $7.00 a bushel. [/QUOTE]
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