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Wheat and soybean futures are sharply lower to open the week, pulling corn prices mildly lower. Livestock futures are mostly higher...
Short-term trends turn bullish for cattle futures, bearish for wheat.
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Soybeans and wheat led overnight weakness, each marking fresh six-week lows. Corn saw selling pressure as well but held up better than the former two.
Soybeans and wheat posted sharp losses during the overnight session, while corn followed to the downside.
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Corn, soybeans and wheat each favored the downside overnight, giving up a portion of Thursday’s gains.
Corn, soybeans and SRW wheat pulled back from yesterday’s gains during overnight trade, while HRW and HRS wheat extended their losses.
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Corn futures led strength overnight, pulling wheat higher. Soybeans pivoted near unchanged most of the overnight session, though showed strength into the break.
While falling short of pre-report expectations, both wheat and soymeal sales are running well ahead of year-ago. Meanwhile, soybean sales jumped 99% from the previous week and corn sales declined 11%.
Corn, soybeans and wheat traded on both sides of unchanged while holding in tight trading ranges overnight.
Rural Mainstreet Index slips deeper into the red.
Monthly Rural Mainstreet Index finds record low banker pessimism.