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Buxton ND | Frosty most have been talking/expecting a super strong corn basis like we had last year,only thing is one year ago year had a futures market were trading about $1.70 lower. I think the E plants really need to push the basis lower so they can make some money... I'd say the rally we had was pretty much short covering,more so in beans and wheat and its seem really hard to get net new buying. Open interest was down in all 3 grains from today,,,again hard to rally with money leaving the market place... | |
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