Corn: 5.50 was rejected and the crop is doing the rest

Research question

A record crop is meeting a spec long that is only part-liquidated, with harvest running behind. Does the late crop come in fast enough to finish that liquidation below $4.70, or does the Black Sea hand the longs a reason to hold on?

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GRAYINVESTED provides research and consulting. Nothing in this memo constitutes investment advice or an offer to buy or sell any security.