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Soybean futures post contract highs fifth straight day on smaller South American outlook; corn, wheat erase early gains, end lower.
Soybean futures hit contract high for fifth day in row on exports, S. America drought; corn and wheat also higher.
Eurozone inflation continues to climb, the DOC announces countervailing duty rates on UAN and Senator Manchin calls BBB, “dead.”
Commerce makes preliminary determination urea nitrate from Russia, Trinidad and Tobago
Soybeans posted new highs overnight, with the March contract topping $15.60 amid a continued price surge tied to South American crop losses and speculative buying. Corn and wheat modestly followed higher.
Soybean futures extend rally to highest levels since June on smaller South America crop outlook; corn and wheat also higher.