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Higher-than-expected corn and soybean yields in some Corn Belt locations, along with a modest rally in corn prices, contributed to this month’s rise in farmer sentiment.
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Corn favored the downside overnight, soybeans reversed early losses and went into the break on session highs and wheat favored the downside though is well off session lows.
Soybeans pulled back from recent strong gains amid corrective selling overnight, while corn and wheat also traded lower.
Both crops remain well above year-ago levels.
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Soybeans and corn are higher with wheat futures under light pressure. Cattle futures are under pressure with lean hogs off to a positive start to the week...
Soybeans continue to surge, trading at the highest level in nearly two months overnight. Corn traded in a tight range and went into the break steady, while wheat favored the downside.
Short-term trend turns bullish for soybeans and lean hog futures.
Soybean futures posted strong gains overnight, which spilled over to corn, while wheat faced light selling pressure.
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Corn and wheat traded in a tight range overnight, though went into session highs following a surge higher after this morning’s NFP number. Soybeans saw continued strength overnight, trading a two-week high.
Corn, soybeans and wheat held in relatively tight ranges while spending time on both side of unchanged during overnight trade.