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not bullish wheat

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    #1

    not bullish wheat

    Check out rice. Errol anybody get negative looking at rice?

    http://mobile.barchart.com/markets/chart.php?symbol=ZRU15&type=AREA&period=M
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    #2
    Price of rice in 2020. Yep of course accurate. Hopefully accurate like the weather.


    http://knoema.com/wxgcxde/commodity-prices-forecast-2015-2019-charts-and-tables#Rice%20(US%24%2Ftonne)

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      #3
      Hopper . . . the slowdown in China is having a huge impact right across SE Asia. China is definately eating cheaper.

      The price demise of rice , iron ore, coal to ocean freight is a reflection of China's mounting financial problems. They have a massive credit and shadow banking problem.

      Wheat is oversold from a cost of production point of view. But Russia continues to discount more than a dollar per bu below American. And the too high U.S. Is really harming the U.S. Economy right now. U.S. Is at huge risk of re-entering a recession into2016.

      So wheat is oversold, but will likely show modest rebounds that have difficulty holding. Good point showing rice as this product is an economic indicator of the slowdown right across Asia.

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