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lead month

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lead month
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Conclusion: If lead month futures start to take out previous weekly highs after the middle of April, watch out
Very quickly now, the attention is going to turn to South America and if no real production problems develop, we should start seeing some solid seasonal pressure on lead month beans as we move into the January to February time period.
Overall, the strong long-term demand is going to keep deferred commodities strong and keep the lead month from dropping too much.
 
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