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Corn, soybeans and wheat built on Tuesday’s price gains during the overnight session.
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Corn led strength overnight as corn, soybeans and wheat each rebounded from Monday’s losses.
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After facing followthrough selling earlier in the overnight session, corn, soybeans and wheat are modestly firmer and trading near session highs this morning.
Weekly wheat inspections during the week ended Jan. 23 rose 223,000 MT, topping pre-report expectations, while soybean inspections missed pre-report expectations, falling 250,000 MT from the previous week. Corn inspections declined 295,000 MT.
Corn, soybeans and wheat opened the week under pressure. Livestock futures are higher...
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Corn, soybeans and wheat each favored the downside in overnight trade as a risk-off tone plagued the marketplace.
Corn, soybeans and wheat faced followthrough selling to Friday’s losses during the overnight session.
Colombia is the U.S.’ second biggest buyer of corn and corn feed
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Placements dropped 3.3% from year-ago and fell below the bottom end of pre-report expectations.
Beef stocks rose less than normal, while pork inventories increased more than average.
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Inflation slows for food prices, but volatility remains in key categories