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KC Wheat Back to Unch on the Week as Monday & Tuesday Buying Frenzy Fizzles Out; Wheat Export Sales a Marketing Year High as Global Demand Showed Up After the Break to Multi-Month Lows; Corn Still Perma-Bid as River Cif Basis Firms Again; Soybeans to Another Move High and up $1+ this Month
Wheats continue their slide, corn unch in US futures despite new highs in Dalian, world and US soyoil and soy feels firmish still.
A Correction in the Wheat Complex After an Impressive Week-Long Rally; Soybeans to New Move Highs and Corn Firms as River CIF Basis Catches a Bid
Lower again for the wheats, back to where we started yesterday. Corn marginally lower, beans a little higher off continued strength in Malaysian palmoil and US soyoil.
Familiar Saga as Winter Wheat Explodes Higher Again on RU/UK Concerns; Beans End Slightly Higher as the 10-Day shows Below Avg Rainfall for Argentina; March Corn Pushes to New Move High but Settles Down a Penny as Producer Selling was Active
US central bank meetings begin today, overnights had wheats still rallying and row crops recovering/following.
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