News
Weekly export inspections for week ended Sept. 29 reported wheat inspections notably above expectations, while corn and beans were as expected. Soybean inspections are currently running 3.2% behind a year ago.
Wheat and soybean futures are mildly firmer with corn under light pressure. Livestock futures are higher on a round of corrective buying.
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Grain, soybean futures firmer overnight on smaller harvests, geopolitical concerns.
Short-term trend turns bearish for soybeans, rice, live cattle and lean hog futures.
Corn and wheat futures traded solidly higher overnight, while soybeans favored the upside in two-sided trade.
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Winter wheat surges near three-month highs after USDA lowers crop; soybeans plunge on unexpectedly high Sept. 1 stocks.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
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