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Corn, soybean and wheat futures traded in relatively tight ranges overnight.
All three crops are rated well above year-ago at this time.
Broad-based selling was featured across the grain and soy complexes to begin the week as mostly favorable U.S. weather conditions bode well for production prospects.
Weekly corn inspections rose 193,000 MT from the previous week, while wheat inspections rose modestly. Soybean inspections declined on the week.
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Short-term trends remain down for most grain and soy markets.
Corn, soybeans and wheat each saw persistent, heavy selling pressure overnight, negating much of last week’s gain across the three.
Corn, soybeans and wheat posted moderate to sharp losses during the overnight session.
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Corn, soybeans and wheat each posted strong gains to end the week while livestock markets ended the day mixed in light volume trade.
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No overnight grain trade. Grain and livestock markets resume trading at 8:30 a.m. CT.
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Corn and wheat favored the downside overnight while soybeans showed relative strength.
Soybeans firmer, wheat mixed and corn firmer early this morning.
The livestock markets rebounded from Monday’s losses today. Corn and soybeans saw modest gains but closed off session highs. Wheat and cotton continue to face selling pressure.