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Middle Tennessee | Fc stone stated today us offers visavis Brazil are competitive into may, and implied market reluctance to reward tight Brazilian farmer holding. So my crazy theory is, traders were about to crack the Brazilian cash market, which would (or will) ease prices here. Until someone can clarify how this week's rain cannot imperil later harvested beans in Matteo Grasso, I will be skeptical that there is no significant supply threat. Note, I am short, I lessened the short Sunday open on this thinking, but am still short new crop. | |
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What are beans doing?
