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Twin Cities | In Chicago, the recent rally from the 5.00 mark has a lot to do with short covering in reports of dryness overseas in Australia and Black Sea. Australia still has to reduce a lot of tonnage to make the trade nervous as stocks worldwide are good. Business isn't picking up any as seen with latest export results. HRW out of the gulf is weakening and now typical gulf spreaders are looking to west coast for help. A lot of wheat has been sold off the farm with recent rallies, makes one wonder if we need to go up further if export aren't there? | |
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wheat toppy??
