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Corn, soybeans and wheat surged higher overnight in a continuation of the ongoing uptrends.
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Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.
U.S. corn and soybean ending stocks left unchanged
No changes were made to the U.S. wheat and corn balance sheets, while a 5-million-bu. increase in soybean imports was offset by a 5-million-bu. increase in crush. Corn, soybean and cotton world ending stocks were each higher than respective pre-report estimates.
U.S. ending stocks remain unchanged month-over-month while USDA adjusts global production estimates.
Big swings in crude oil futures are dictating trade in the grain and soy complex.
Bearish technical signal for most of the grains