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SC KS | I show HRW might go to $6.20 for July 24 (another 60c drop); wheat still not the cheapest it's been to corn so I'm a bit leery going long. I'd rather be long corn/short wheat at the moment. US wheat is extremely expensive to the world. The last Egyptian tenders seem to indicate there's plenty out there and that's excluding Russia who wants to hold out for higher prices. We need our export prices to get more competitive before I turn very bullish on any wheat contract. | |
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Someone is puking Chicago Wheat…
