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| $14 is local market right now, 17.50 was the high. Fundamentals haven’t changed. The next run up will go higher because the guys still holding crop aren’t going to be scared into the last ‘no bid’ that happened a couple weeks ago. Durum crop is short and it will have to be rationed. Mills for the first time ever will likely have to bid over the next few months to literally prevent from running out. | |
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Durum Market
