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Red River Valley | I think they lowered China crop by about 20 mb and raised US crop by 110mb
ending stocks are moving up towards 150mb not the kind of number that would carry $15.00 beans IMHO
I think they added 80mb to exports last month to hold the ending stocks below 150mb and now we have seen China cancel about 75mb in the last two weeks anymore cancel's and things could get really tippy
Wheat and corn gave up some very strong support levels they need to get back above them soon our thing's might get dicey. | |
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