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Corn, soybeans and wheat futures slip overnight on profit-taking pressure, soymeal extends gains.
President Biden met with his Chinese counterpart, Cordonnier holds Brazilian crop estimates steady and the opinions of traders differ with IEA on oil price...
Nearby soymeal futures are mildly firmer this morning but failed to push above Monday’s highs overnight.
Soymeal futures surge to four-month high, lifting soybeans, winter wheat extends rally to multi-year highs.
Federal Reserve Bank of Chicago notes strong farm incomes have translated into an 18% jump in farmland values.
The HRW CCI rating is still 9.0 points below the five-year average for mid-November, while the SRW rating is 4.9 points above average.