Large Green Lentils have been one of the few market leaders this crop year.
The uptrend has been strong without providing any signs of a trend change, and, as a result, no Sell Signals have been triggered.
During farmer meetings last spring, we felt the Large Green Lentil market was in a Stage 3 Distribution and discussed the potential for continuing the Stage 2 Markup to higher prices.
As it turned out, the price rose, and the Stage 2 Markup continued with new highs.
As an FYI, we felt most of the other crops were in Stage 4, keeping us bearish.
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