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Grain Futures Due for a Breakout?

Jun 05, 2020 at 08:59 AM CST

Fundamentals: Weekly export sales this morning came in at 637,500 metric tons for 2019/2020, within the range of expectations, up 49% from the previous week, but down 19% from the 4-week average. Yesterday’s weekly EIA ethanol report showed production increased 41,000 barrels per day and stocks dropped 700,000 barrels, to the lowest level since January.