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Corn, soybean and wheat futures held in tight price ranges in a lightly traded overnight session ahead of USDA’s reports later this morning.
Farrowing intentions suggest the expansion could be short-lived, but surging litter sizes could offset lower farrowings as they did during summer.
After the Bell | September 28, 2023 Corn futures led the grain complex higher, while meal strength pulled soybeans from early session lows.
Government shutdown looms, El Nino may reduce 2024 palm oil output and China’s hog herd shrinks...
China makes continues purchases of soybeans, makes initial 2024-crop sorghum buy
Corn, soybeans and wheat each saw selling pressure overnight, with soybeans leading the way lower. Price action is likely to be partially forced by positioning ahead of Friday’s USDA Grain Stocks report.