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Friday trade weighed by talks of China halting Ag purchases in retaliation for US Hong Kong stance change. Corn off 1 3/4 to 325 3/4 and beans down 6 1/4 to 840 3/4.. Wheat gains 6 1/4 for a 520 3/4 settle and rice buyer pushed up again, 1721 1/2, plus 33. Dow off 79 points, 25,378, and bonds gain a point and 11 tics, 180 even. Funds are now a huge corn short for this date, but projected fundamentals make any major rally difficult. Order-flow and the calendar are in competition.
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March 2023
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