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<blockquote data-quote="John Slejpner" data-source="post: 6513786" data-attributes="member: 819"><p>Gradual drift lower until either an early frost in US heavily knocks corn potential, or January when US gets a handle on how much corn it actually has, or does not have.</p><p>USDA says it will have enough, and are usually right. But there are grounds this year to take their figures with a pinch of salt. When the USDA does get it wrong, which is rare, it is when assessing a visually decent but late crop. This years crop is VERY late and looks better than anyone dared hope, because there has been no dry spell to stress underdeveloped roots. No dry spell also means cooler than ideal in some areas. Late gets later. </p><p></p><p>Meantime £120 dec , by december, would not surprise me.</p></blockquote><p></p>
[QUOTE="John Slejpner, post: 6513786, member: 819"] Gradual drift lower until either an early frost in US heavily knocks corn potential, or January when US gets a handle on how much corn it actually has, or does not have. USDA says it will have enough, and are usually right. But there are grounds this year to take their figures with a pinch of salt. When the USDA does get it wrong, which is rare, it is when assessing a visually decent but late crop. This years crop is VERY late and looks better than anyone dared hope, because there has been no dry spell to stress underdeveloped roots. No dry spell also means cooler than ideal in some areas. Late gets later. Meantime £120 dec , by december, would not surprise me. [/QUOTE]
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