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Kevin Van Trump has over 20 years of experience in the grain and livestock industry.
I realize supplies are getting larger and longer-term price patterns continue to point to lower levels, but here in the next couple of months I am thinking lack of farmer selling coupled with strong global and domestic demand should produce some type of small pop to the upside. We have seen ethanol production inch up over the past month with the latest weekly usage at 927,000 barrels. Along with this, ethanol stocks are at historical lows. Wiil we see less second crop corn acres go into South America? This morning the export numbers for corn again were above the trades expectations, at 1,007,000 metric tons. If we can mount an extended corn demand picture, coupled with any type of supply side glitch globally, hopefully we can can push these markets higher into the new year. Click here to get all my market comments....
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