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Higher rail and barge freight limit wheat sales as winter wheat harvest progresses.

Weakness of the USD is offset with higher rail freight rates, increased elevation margins, and widening ocean freight spreads.  US wheat is a long way from competitive today.  Hard red winter wheat growers have sold +50%-65% of their harvest. Shippers/ware-housemen have hard red winter tucked away, despite improved row crop conditions which was supposed to…

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