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Corn inspections during the week ended Feb. 27 rose 185,000 MT from the previous week and landed near the upper end of analysts’ pre-report range. Wheat inspections rose modestly, while soybean inspections declined 183,000 MT.
Corn and soybeans are under light pressure with wheat futures higher to start the week. Cattle futures are lower with lean hogs mixed...
Wheat futures mildly supported by sharp losses in the U.S. dollar.
Short-term trend is also now bearish for hog futures