Would be watching the charts carefully these days. The technical side makes me nervous. As highlighted before, would also be watching the corn and wheat charts.
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Interesting that the bean spreads are not changing very much during this sell off. Corn spreads, on the other hand are weakening. The old crop/new crop spread holders are unwinding in corn. The market is not buying more bean acres today, but maybe the switchable acres are pretty much switched. Where we close today and tomorrow will tell an interesting story.
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