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We have commented over the past six decades that the market tends to kill the crop two to three times a year during the planting season. .
The new crop December contract likewise failed to climb above 80 cents on the week, settling at 79.59 cents, and will continue to take its cue from Mother Nature.
In my 46 years working with farmers and agriculture, I don’t believe I’ve seen before such a widespread effort—particularly focused on one crop or segment of agriculture.