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USDA reported 2023-24 soybean sales of 1.407 MMT, topping the pre-report range by over 100,000 MT.
Grain markets traded in relatively narrow ranges overnight as soybeans modestly firmed, while corn and wheat declined.
Average cash hog price falls below $100 for the first time in six weeks.
Corn and soybean basis is stronger than the respective three-year averages.
China’s real estate bubble threatens to burst, Russian drone strikes damage Danube silos and the U.S. discusses alternative export routes for Ukraine grain...