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Ontario's middle east | Range seems to be tightening on wheat. The one friendly thing for SRW is that stocks should decline as it bids it poor quality self into the feed bunk via discount schedules. It hasn't tried to move much lower so maybe morale has improved enough to stop the beatings? Though not a bear, I'm hardly a raging bull. I wonder with more adequate stocks to use ratio, if we don't just start seeing much tighter trading ranges set up for grains (or even commods) in general. Remember back in the 90s when we could trade corn for the whole year in a 20c range? Hard to imagine now but with adequate stocks and having lost our sex appeal to the spec funds, it might be in the cards. Time will tell. Thanks for your work. | |
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The Week in a Picture
