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Corn & Winter Wheat 01/25/2022

If you read our Weekly Summary and Recommendations, you know that we recommend pricing new crop soft red wheat when it trades $7.97.

Last evening, July wheat traded to $7.99.

The contract high was made two months ago on 24 November at $8.63. At that time, the seasonal trend was up, the technical and fundamental situations were bullish and we did not recommend pricing wheat.

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