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Russia continues to deny invasion plans, soybean crush expected to hit record high and hog slaughter opens the week on a high note...
Soybean futures top $15 for first time since June as drought curbs S. American outlook, corn and wheat also higher.
Trucking, logistics companies noting impact of vaccine requirements on truckers
Wheat futures failed to find followthrough selling overnight after a bearish outside day down on Monday, which triggered light corrective buying. Corn also mildly rebounded overnight, while soybeans paused.
USDA estimates there were 91.9 million head of cattle in the U.S. as of Jan. 1, down 1.9 million head (2.0%) from year-ago and 762,000 head less than the average pre-report estimate implied.
Soybean futures extend rally to highest prices since June on exports, South America drought; wheat’s tumble pulls corn lower.