There is more down side risk than upside potential in this market. Thats not to say that we wont see a short term rally even higher. I'd start locking in prices over 6 for corn and 13 for beans if there is any way you can cover that with production. Last night on ag web they were saying that at current corn and feeder prices there was no way to lock in any profit with fat cattle. So, the fed market has to go higher or the rest have to come down. My guess, and thats all it is, a guess, is the market has gotten ahead of the economy.
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Today's Featured Article - Restoration Story: 1951 Farmall H - by The Red (John Fritz). I have been a collector of Farmall tractors since 1990 when I first obtained part of the family farm in Eastern Indiana. My current collection includes a 1938 F20, 1945 H, 1946 H, and the recently purchased 1951 H. This article will focus on what I encountered and what I did to bring the 1951 NEAR DEATH Farmall H back to life.
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