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Soybeans continue to lead weakness, though corn, soybeans and wheat each saw followthrough selling pressure overnight.
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Corn, soybeans and wheat are under pressure to start the week. Cattle futures are choppy with lean hogs mixed…
Corn led weakness overnight with soybeans and wheat both following to the downside.
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USDA raises corn crop estimate but new-crop ending stocks now slightly below 2 billion bushels.
On average, analysts expected a modest decline in corn yield from September, though USDA increased the figure 0.2 bu., with production now estimated at 15.203 billion bu. Soybean production was pegged at 4.582 billion bu., using a yield of 53.1 bu. per acre.
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Corn, soybeans and wheat each saw modest gains in the overnight session as positioning led trading ahead of today’s USDA reports.
Corn, soybeans and the winter wheat market mildly favored the upside in quiet overnight trade ahead of USDA’s October crop reports later this morning.
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