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PM Post - All Things Factored In

THE OPEN November beans:  3 3/4 lower December meal:  1.20 lower December soyoil:  8 lower December corn:  1 1/2 lower September wheat:  1 1/2 higher The markets opened as called with continued price congestion.   Inter-market spread trade saw some unwinding as funds bought wheat/sold corn.   Funds were net buyers of corn yesterday, with open interest declining which suggested that this week's rally was short-covering and not those searching to get long.  While that was not positive news for the corn market, the technical price action was extremely stabilizing.   SOY The soy complex put in a mixed performance today with beans in consolidation trade and products mixed.&nbs...

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Summary of Futures

Dec 20 Corn closed at $3.6975/bushel, down $0.0875 from yesterday's close.  Dec 20 Wheat closed at $5.5475/bushel, down $0.2025 from yesterday's close.  Nov 20 Soybeans closed at $10.225/bushel, down $0.21 from yesterday's close.  Dec 20 Soymeal closed at $338.1/short ton, down $...

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