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Rosario Grain Exchange cuts Argy corn crop as oilseed unions strike, APHIS call for bovine bird flu vaccine and China imports record soybean tonnage...
USDA will provide the first look at the 2024-25 balance sheets and its initial winter wheat crop estimates.
Corn, soybeans and wheat each posted gains most of the overnight session though selling took corn and beans lower into the break, while wheat maintained gains.
Weekly corn sales during the week ended May 2, rose 17% from the previous week and 23% from the four-week average. Meanwhile, soybean sales increased 4% from the previous week and 21% from the four-week average.
Corn, soybeans and wheat rebounded from losses the two previous days during the overnight session.
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Corn, soybeans and wheat each saw modest continued profit taking overnight with wheat leading to the downside.
Corn, soybean and wheat futures faced mild followthrough selling during the overnight session.
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Farmer sentiment was the weakest since June 2022 and current conditions fell to the lowest since May 2020.
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Corn, soybeans and wheat each pulled back from robust gains on Monday overnight, with wheat leading the way lower.
Corn, soybeans and wheat pulled back from Monday’s strong gains during the overnight session.