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Short-term trend turns bearish for corn and soybeans.
Corn, soybeans and wheat mildly rebounded overnight from poor closes last Friday.
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Corn led strength overnight as both corn and soybeans build on Thursday’s strength. Wheat reversed lower and went into the break near session lows.
Corn sales during the week ended Oct 10, rose 82% from the previous week and noticeably from the four-week average. Soybean sales were also notable at 1.70 MMT, rising 35% on the week.