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Seasonal Lows on Crop Report?

Well, the market had nervously waited for the August supply/demand report, bracing for big numbers from USDA. And they got them. Prices reacted negatively across the grain complex – for about two hours. Then the reversals higher came for wheat and corn as trading wrapped up for the week.

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Wheat Market Falls Into a Basing Pattern

With winter wheat harvest nearly finished across the Northern Hemisphere, the trade is hoping for some good quality that will offset the unusually high amount of low-quality wheat in the world.

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