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“Prices were $.04-$.06 higher closing near session highs. Although Sept/Dec spread eased to a new low, new crop spreads firmed. Today was the first day of the Goldman roll. Next resistance for Dec-25 is this week’s high at $4.12 ¾. Exports at 131 mil. bu. (124 mil.–25/26 MY) were above expectations. Old crop commitments at 2.780 bil. are up 27% from YA, vs. the USDA forecast of up 22%. New crop commitments surged to 464 mil. more than double the YA pace and the highest in 4 years. New crop buyers were spread out with unknown buying 50 mil. Mexico and Japan with 16 mil. each, 13 mil. to Colombia and 12 mil. to Japan. In addition the USDA announced new crop sales of 4 mil. bu. to both Mexico and Guatemala,” according to Mark Soderberg with ADM Investor Services.





