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NW Indiana | With July Chicago wheat making new lows what is your guys thoughts? With overall wheat acreage being much smaller than expected I guess I am a little surprised at the extreme weakness. I know world wide we have plenty supply but with the acreage number I would think the trade would like to see what kind of crop coming on before beating the price into the ground. I'm tempted to get long this market with the thought that any hiccup could spark a descent short cover rally. Any thoughts? | |
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Wheat
