Oil World, Technical Buying, Basis Levels Turnaround Grains
Nov 20, 2012
The grains rallied sharply mid-session to turnaround losses from the overnight trade. Sparking the rally was Germany-based analyst Oil World downgrading anticipated South American production by 3 million metric tons. Aiding the ascent was technical buying and strong basis levels south of Cairo, IL. Tune into GrainTV for a full breakdown.
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