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Wheat is down 4.50USc/bu following some forecast rainfall over the US Plains, and as speculators correct their overbought position. The #AUD is up 0.51c with strength in gold prices, and improved risk-sentiment as the market expects increased stimulus under Bidens Administration.

Ukraine’s ag ministry will rule on a potential #corn export limit of 22MMT on Jan 25, exports to date sit at 10.5MMT. The #export limit is being considered to regulate domestic prices & ensure adequate supply after a 17% YoY decrease in corn #production for the 20/21 season.

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