News
Weekly export sales for week ended Nov. 3 proved corn export sales remain week, missing low-end expectations by nearly 35 MT, while soybeans, wheat fell on the low-end of the range for the week.
Corn, soybeans and wheat swung to both sides of unchanged in a lightly traded overnight session but are mostly weaker this morning.
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Corn falls to five-week low on weak technicals, soft demand; soybeans, wheat lower with USDA reports ahead.
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Corn falls to five-week low, soybeans and wheat also lower amid U.S. dollar strength.
Corn, soybeans and wheat favored the downside in quiet, two-sided trade overnight, though seller interest has picked up early this morning with futures trading near session lows.
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Most of the modest improvement was in SRW CCI ratings.
December corn falls to four-week low, soybeans fade from six-week high amid demand concern; wheat mixed.
Following are USDA’s initial assumptions for 2023-24.