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Gary's Blog 12/02/25 12:47:28 PM
12-2-25
Today’s short covering event (corn & wheat) is said to have been fueled by the fighting in the black sea. Russian and Ukraine were back at it again striking fear into some traders about possible logistical disruptions. Soybeans have been caught in the middle testing both sides of unchanged. Locally we have seen basis improvement as the recent snow has halted grain movement. End users hope the bid & board increases will spur some sales and refill the pipeline.
12-1-25
It was a quiet start to the week with futures moderately lower across the board. There was no fresh bullish news over the long holiday weekend, and technicals are being challenged. Key support levels must hold, or we could see some chart damage threatening the recent bull run. South American weather stays favorable with the first available beans likely to come around the new year. Crop estimates remain record large but key 4-6 weeks of weather remain. Corn and wheat bids are now based off the March contract.
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