Futures in London and New York were lower, with the biggest weakness seen in London. Big selling was seen early in the day, but no one seemed to know why. Speculative selling was seen after early speculative buying dried up.. It still looks like the market has now turned trends up and that good speculative buying might be seen on further any price weakness. The big harvest in Brazil continues, but some of the processing will probably switch now to ethanol due to tax changes this week.
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