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| Lots of Dec - Feb demand this year leading to the market wanting more corn/beans to move on the front end. Corn has lots of supply but also tons of demand so the carryout number is really not that heavy as compared to beans. Also, harvest happened very quick so wasn't a long period for grain to get dispersed so it got tucked away and now farmer isn't moving a lot which leads to spreads sucking in to entice movement now instead of carrying it. | |
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old crop vs new crop spreads
