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| No impact.....December meal saw a ton of selling pressure and finished $4.90 lower at $338/ton. Rumors of meal cargoes switching to South America after our price rally helped fuel the decline.
Meal led the complex up, thus when the rug was pulled, so went the beans. Corn saw heavy selling. We ended with a classic up thrust of resistance in both markets, with a subsequent failure. This likely ends the rally....with Dec corn now set to test the 3.30 area.
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Todays selloff at close
