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Middle Tennessee | Analysts are saying Chinese imports will not grow this year (Oil World). If wheat can hold its crap together it will register a weekly outside reversal, and soybeans are within reach too if Friday can follow through. But I think fundamentals are turning on the soybean market. With a tempered demand outlook, and two harvests between now and February, this could be the year when stocks swing from slightly tight to oversupplied. Maybe the fund short in meal has to be cleared first though. | |
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soybean fire drill in the commodity casino
