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5/18 - Wht futs up 25-35c today and up 66-98c for this wk!  biggest 1 wk gain for Cgo wht futs in the past 16 years! Corn up 50c OC and 35c NC for the week.    Soybeans were down 33c today. SW $7.05 Portland both old crop and new crop.  It's all about the hot dry world weather this wk.  Any major rains will send everyone running for the hills. The managed money spec funds got too short wht futs, and took about a buck a bushel to reduce shorts by half this wk. There are fears Russia will ban exports again if there production takes a hit again.    Too early in the season for this big of a run.  Better check in on Monday.  Latest 6-10 day world weather forecasts hot & dry which could further reduce already dry Russian & European wheat crop sizes.  Will be volatile price swings next 4-6 wks with weather forecasts.  Probably shld be selling another 10-20% again... soon..   

Crop prospects have been mostly favorable til now.  Rain will solve most of the potential concerns.   At least once every couple weeks European financial woes will raise their ugly head and damper any commodity rallies.   Increased grain acres with ave yields,  will eventually take prices down again.   Enjoy the ride.  

Looks like China will be importing record amounts of grain again this year which will keep prices somewhat decent.  Futures markets will start trading 21 hours/day starting early June.  Talk about volatility and no rest.  Will keep seeing our 30-50c/bu fluctuations every week that we are getting used to.   Hope we go up for a while.  More fun!

    
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