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Corn and soybeans favored the downside in overnight trade while wheat saw action on either side of unchanged.
Corn, soybeans and wheat recouped a portion of last Friday’s sharp losses during the overnight session, led by double-digit gains in the soybean market.
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For the week ended Dec. 26, net corn sales were down 55% from the previous week, while soybean and wheat sales fell 51% and 77% from the previous week, each carving a new marketing-year low.
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Corn, soybeans and wheat each favored the downside in overnight trade, though buying interest perked up into the break.
Corn and soybeans pulled back overnight from recent gains, while wheat mildly extended yesterday’s losses.