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Exactly behind the selling Jeff Flock is in -- bid for the CME with the latest and explained Jeff.
-- actually you know one of the things it to Obama administration is doing is trying to react to this drought and in the -- right now a got Scotch reality with me of course is -- -- to talk about -- since.
He kind of looks like -- he knows something about meets anyway.
Put the price is up for for a pork and beef as we talked today.
The Obama administration buying a 170 million dollars worth of to prop up basically meat prices.
Time and they've succeeded in doing doing that today at least here.
But I think that they're nibbling at the periphery right now because a lot of the things -- they've been talking about.
Really haven't addressed -- -- issue we've got going on grains for the drought so I think that but this is telling us they're gonna do everything but tuxedo from -- I'm just it's an interesting take on a you know some people think that the fall off in Greece they let's walk into the greens -- if we -- they Dutch follow -- around if you can.
The falloff in Greece they put up a corn boards he put up though it.
The soybean board to -- board.
Get a huge sell off today some people thought maybe it's as a result of the government thinking they could do something about relaxing the ethanol mandate that.
Mandates a -- get blended into ethanol and put into gasoline.
What do you think.
I think it's very that we have had some precipitation this weekend we had some -- that's -- here in Chicago today.
And at the same time you know all traders let's -- you need to suitable every day.
And we -- enable -- news here to keep us keep us tyrants of -- BM easier kind of address the board on whether it.
As as Scott saying maybe what he's saying has some validity because the price of ethanol today.
Ethanol futures not a heavily traded contract but down today.
And I would expect that to be the case just with the overall mood of the market someone -- -- been double the number one.
But number -- if we don't have something there to give us a new -- hired to keep us elevated these levels things will settle a quick before we get away there's still a lot of money in this -- marketed.
And I think they're gonna stay here we're probably gonna go sideways while the financials and equities enjoy the rest -- up with all the -- going -- -- Europe.
We go side was until we start seeing those comments and the in the fields and then we determine where really -- absolutely okay.
Lot of hedge fund money in the market lot of you know money that hadn't been there before him now.
-- -- winds up in the government propping up the base market all right Jeff Flock to the CME thank you so much.
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