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Short-term trend turns bullish for live cattle futures.
Corn, soybeans and wheat mildly favored the downside during a relatively quiet overnight session to open the week.
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Grain and livestock markets ended the week with a mixed tone, with corn futures ending the week on a high note.
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No grain trade overnight. Grain and livestock futures resume trade at 8:30 a.m. CT for an abbreviated session.
Soybeans led corrective strength overnight with corn following to the upside. Wheat fell under selling pressure, though buying efforts picked up into the break.
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Soybean basis dropped and remained weaker than average.
Corn, soybeans and wheat held in relatively tight trading ranges during a quite overnight session.
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Wheat futures led strength overnight with soybeans showing surprising strength following a gap lower on last night’s open. Corn traded on either side of unchanged with minimal volatility.
Corn, soybeans and wheat faced pressure earlier in the overnight session but have firmed and are trading near session highs.
Both the HRW and SRW crops posted notable improvements for the final crop condition report of the fall.
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