Back in Feb we suggested watching a few clues for the grain market. The Peruvian anchovy harvest. The Maverick's surf competition. Some rain on the PGA west coast swing. The lofty prices have retreated most of the Spring. Now take a look at the Mid-West. the flooding from Nebraska to Minnesota has reached record levels. Corn popped on 2 good sessions to end the week. As we signaled to begin the year, we are looking to spend the Summer buying corn and selling bonds. If you're looking for a year to compare try 1988 !

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