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| I wonder if we are not already anticipating this and if prices sell-off, further than they should. El Nino years are generally wet and cool. Scott Irwin and others are already talking about 190 bu/ac yields, but if you look at the tends, yields look to be flattening out or plateauing a bit. The markets tend to sniff these things out and price it early. Maybe, people get too bearish too early anticipating record yields by May or June. Just a thought. | |
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