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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.
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Soybeans showed relative strength overnight, though went into the break well off session highs. Corn and wheat both showed corrective gains early but have since fallen near session lows.
Weekly wheat sales, short of pre-report estimates, were down 24% from the previous week, while corn and soybeans were down 45% and 27%, respectively.
Soybeans traded sharply higher overnight, while corn and most wheat contracts posted milder gains.
Soybean basis weakened on the rollover to the January contract but the cash price firmed.
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