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no bid on sww at portland yesterday
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loblolly
Posted 1/30/2008 10:58 (#296804 - in reply to #296792)
Subject: RE: no bid on sww at portland yesterday


North Idaho
as i understand it several things happened , Japan said they would skip this week's normal tender, a news article said something about the pipeline becomming empty resulting in a convergence in new crop and old crop prices, and farmer selling picked-up a bit, so the exporters figured they had enough to meet their imidiate need, so to shut off sells they dropped the price until it stopped. or went to no bid. Bottom line for me is it is a long time untill they will have newcrop and this appears to an attempt to "shake the tree" for a few bushells.... and it apears to have had limited sucess.........

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