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Corn saw relative strength overnight, building on yesterday’s strength. Soybeans and wheat favored the downside.
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Net soybean sales during the week ended March 13 totaled 352,600 MT, down 53% from the previous week and 29% from the four-week average, missing analysts’ pre-report expectations. Wheat sales marked net reductions, while corn sales were as expected.
Corn showing relative strength while soy and wheat are lower.
Corn, soybeans and wheat each chopped near unchanged on light volume overnight.
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Soybeans saw relative strength overnight while corn and wheat traded narrowly on either side of unchanged.
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Wheat led strength overnight with soybeans following modestly to the upside.
Corn saw relative weakness overnight while soybeans and wheat traded around unchanged most of the overnight session.
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Key items on the docket for the week and a recap of recent strong export demand
Weekly wheat inspections during the week ended March 13, roes 251,000 MT from the previous week, exceeding expectations. Corn and soybean inspections were each lower on the week.
Wheat futures are leading corn higher with soybeans under light pressure. Livestock futures are solidly higher to start the week...
Wheat led strength overnight as corn followed to the upside.
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Wheat posted impressive gains overnight as corn saw spillover strength.