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“Prices were $.06-$.07 higher closing at session highs as spreads continue to firm. Dec-24 closed above LW’s high with next resistance at the 100-day MA at $4.18 ½. The Dec-24/Mch-25 spread traded into $.12 ¼, a 4-month high. Ag commodities were mostly higher today fueled by higher energy prices along with speculative buying as reports suggest Vice President Harris has gained in the polls two weeks ahead of the presidential election,” according to Mark Soderberg with ADM Investor Services.
