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Traders await USDA reports, Conab slashes forecasts and ocean imports into the United States are increasing...
Soybeans led strength overnight while corn saw corrective buying from a fresh contract low. Wheat futures saw renewed selling.
During the week ended Feb. 1, USDA showed net soybean sales of 340,800 MT, short of pre-report estimates, while corn and wheat sales held steady week-over-week.
Mexico surpasses China as top source of goods imported by U.S. for first time in over two decades
Corn and wheat traded lower overnight, while soybeans firmed a little in quiet price action ahead of USDA’s February crop reports later this morning.
Basis turned slightly negative for corn and soybeans despite a big drop in cash prices.
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Corn futures fell to contract lows overnight, leading soybeans and wheat lower as well. Traders await Thursday’s USDA reports, which will give a fresh look into South American crop estimates and U.S. balance sheets.
Corn futures fell to contract lows overnight, while soybeans posted double-digit losses and wheat followed to the downside.
Cordonnier leaves South American crop estimates unchanged, China’s stock market responds to economic news and E.U. inflation expectations decline...
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Declining prices for key commodities weighed on agricultural producer sentiment in January.
Corn, soybeans and wheat each saw gains overnight with soybeans leading the way higher.
Corn, soybeans and wheat traded in narrow ranges in two-sided price action overnight but have adopted a mostly firmer tone this morning.
Weekly soybean inspections during the week ended Feb. 1, rose more than 500,000 MT from the previous week and above the pre-report range. Meanwhile, corn inspections dropped 300,000 MT on the week.
Corn, soybeans and wheat open the week under pressure. Cattle futures are choppy with lean hogs lower this morning...