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Red River Valley | USDA announced this Morning that China has Cancelled 275,000 tons beans Old Crop and bought 240,000 New crop
This story will most likely be repeated Many times over next month or so than again this summer a few times
not unexpected but with the double top at 13.40 overnight ( thank you 13.39 1/2) and the fact that basis in the Interior market has fallen back, It would seem upward momentum may have been stopped for now
but as always time will tell | |
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USDA >>>> China Cancel and purchases
