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Ontario's middle east | Basically we have built that carry in by discounting the front months to make it competitive, not adding a premium for the backend. I don't see those spreads changing a whole lot until the US gets rid of some exports and brings the stocks to use down. Basis will generally improve through the year with that term structure as commercials are comfortable holding as long as they are getting paid. Wheat can pay some ridiculous carries at times. | |
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Canada Overtakes US on Wheat Exports
