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<blockquote data-quote="Jake" data-source="post: 1140287" data-attributes="member: 4"><p>Nation wide corn crop looks good. Was at a couple events over the past weeks and heard a lot of "best ever" very few people in large production areas that have any concern at the moment. My personal bias is that we have hit the dead cat bounce at the moment on the cbot but don't expect it to get anywhere close to $5.00 again. If the new crop continues to look good and we start getting some heat units over the next month you could easily see a 3 in front of the board by mid winter.</p><p></p><p>Nebraska, Iowa, Illinois basis levels continue to be strong due to interior ethanol demand while the northern states that have a large crop that has quality problems will continue to have a wide basis most likely through new crop. Grain movement has been challenging at every level do to poor railroad performance.</p></blockquote><p></p>
[QUOTE="Jake, post: 1140287, member: 4"] Nation wide corn crop looks good. Was at a couple events over the past weeks and heard a lot of "best ever" very few people in large production areas that have any concern at the moment. My personal bias is that we have hit the dead cat bounce at the moment on the cbot but don't expect it to get anywhere close to $5.00 again. If the new crop continues to look good and we start getting some heat units over the next month you could easily see a 3 in front of the board by mid winter. Nebraska, Iowa, Illinois basis levels continue to be strong due to interior ethanol demand while the northern states that have a large crop that has quality problems will continue to have a wide basis most likely through new crop. Grain movement has been challenging at every level do to poor railroad performance. [/QUOTE]
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