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Soybean futures fall sharply as soymeal, soyoil tumble; winter wheat futures drop on wetter Plains outlook.
Grain and soy complex futures open the week under heavy pressure. Cattle futures are posting corrective gains with lean hogs moderately to sharply lower.
Winter wheat drops to three-week lows on rain relief for Plains; corn and soybeans also lower.
China met with domestic and foreign banks on plan if Beijing hit with Russia-style sanctions
Bears took firm control of price action in the grain and soy markets amid risk aversion overnight as traders returned from the weekend.