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The weather phenomenon is accompanied by a rally for a major ag-tracking commodity index two-thirds of the time, data shows.
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USDA reported daily sales of 330,000 MT of soybeans for delivery to China during the 2026-27 marketing year.
American Soybean Association pushes back on small refinery waivers
Profit-taking was seen across the grain and soy complex overnight, with technical support limiting the downside thus far.
Grains weaker overnight as “Turnaround Tuesday” looms
Markets to examine supply fundamentals as harvest approaches