News
Wheat futures firmed, soybeans weakened and corn chopped around unchanged during the overnight session.
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Weekly corn sales during the week ended Nov. 7 totaled 1.32 MMT, down 53% from the previous week, while soybeans declined 24% to 1.56 MMT.
Wheat and soybeans saw corrective strength overnight while corn struggled to garner much bullish momentum.
Corn, soybeans and wheat firmed amid light corrective buying during the overnight session.
Only Wisconsin saw an annual increase
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Selling was featured across the crop and livestock markets today.
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Wheat continues to see relative weakness while corn and soybeans faced modest selling pressure overnight.
USDA estimated 43% of the U.S. winter wheat crop was experiencing drought conditions, down 14 points from last week and one point less than last year at this time.
Corn, soybeans and wheat traded on both sides of unchanged in light trade overnight.
Corn, soybean and SRW basis are all slightly better than average.