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Corn, soybeans and wheat each traded higher in early morning trade though saw profit taking into the break, sending each product nearer session lows.
Soybeans and soymeal led price gains overnight after high-range closes on Tuesday. Corn and wheat followed to the upside.
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Soybeans favored the downside overnight, while corn and wheat saw lighter price pressure. Each saw buyers come under the market this morning though and rallied into the break.
Soybeans and soymeal led a pullback from Monday’s gains during the overnight session, while corn and wheat saw lighter price pressure.
Chip Flory talks trade policy, government shutdown and ethanol with Iowa Senator Charles Grassley (R) in this excerpt from AgriTalk Radio November 13, 2023.
Both crops remain well above last year’s levels.
Weekly soybean inspections in week ended Nov. 9 fell 516,368 MT from the previous week and were shy of the pre-report range of 1.75 to 2.25 MMT.
Soybean futures are off to a higher start as corn and wheat futures lag. Cattle futures are under pressure with lean hog futures mixed.
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Soybeans saw sustained strength overnight while wheat and corn both favored the downside and went into the break nearer session lows.
Soybean futures firmed overnight while the wheat market weakened. Corn was caught in the middle amid light, two-sided trade.
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