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Buxton ND | Nay I wouldn't say hedge pressure, I'd say Argentina import meal pressure to Wilmington NC. I'd say cheap DDG's just another side effect of a slowing China. Crush margins thru spring are not good. Bean oil had a really nice rally, even this has faded and its really tough for oil to lead soybeans.
We and the other world markets have become too dependent of CHINA. China has troubles, ALL have troubles.
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crush margin coming down
