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Tariffs | OMB rescinds funding memo | Vought confirmation hearing | Somber ag outlook
Soybean sales during the week ended Jan. 23 were down 71% from the previous week, missing analysts’ pre-report range. Corn and wheat sales were as expected
Corn and soybeans saw profit-taking overnight while wheat traded on either side of unchanged.
Corn and soybean futures pulled back from Wednesday’s strong gains overnight, while wheat pivoted around unchanged.
Corn basis firmed despite a strong rise in the average cash price.