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The weekly charts still show overall downtrends, but daily charts are showing the potential for a short-term rally from current levels.
US wheat prices will probably move to the higher end of the world price range.
China is importing significantly less sugar so far this year.
With so many additional bushels being produced in South America, we have to expect greater export competition.
Taking a look at the “what if” of 2017, one bright aspect is that it is getting harder to build an argument for growing ending stocks.