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Soybeans saw modest corrective strength overnight while corn and wheat continued to fall under pressure.
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The U.S. Climate Prediction Center forecasts the weather pattern to persist for the next month or two, which is ideal for soybean reproductive stages, but the transition might impact the tail-end of the region’s growing season.
Soybeans led weakness overnight and revisited this week’s lows.
Frigid, snowy weekend for Midwest, Plains states
Yesterday, the USDA announced a pilot program aimed at helping farmers adopt regenerative agriculture techniques, with the possibility of additional support from corporate partners.