Large recovery bounce following the Wednesday washout

Grain futures recovered sharply on South American weather.

Heartland Market Talk
Heartland Market Talk
Large recovery bounce following the Wednesday washout
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In today's Heartland Market Talk, we review the across the board large recovery bounce including wheat. Wheat tenders are abounding as index funds had oversold wheat yesterday on stop running liquidation. Today soybeans are sharply higher targeting the $13.00 rangeĀ of ongoing concerns in South America, more importantly, Southern Brazil and Argentina are edging very close to a drought.

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