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Buxton ND | I haven't sold anything down here,waiting for a rally to re-hedge and do have an order above the market on ZCZ14
March has given us a little rally but the spreads are dragging on new crop....................
Only .04 to May and now down to .14 all the way out til ZCZ
There workings towards an inverse,again pressure on New Crop.
Commercials will move corn as spreads narrow and it will pressure basis levels...... | |
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carefull selling NC corn in Feb.
