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Soybeans traded mostly higher overnight though sellers gained steam into the break, sending soybeans, corn and wheat into the break near session lows.
Soybeans have firmed this morning, while corn and wheat adopted a weaker tone following two-sided trade overnight.
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Soybeans surged overnight, leading corn slightly higher as well. Wheat saw action on both sides of unchanged but favored the downside into the break.
Soybeans recouped most of their losses the two previous days during overnight trade, while corn also traded to the upside and wheat had a varied tone.
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Corn, soybeans and wheat are expected to open mildly firmer this morning.
Weekly corn sales during week ended Oct. 19 totaled 1.351 MMT, which topped pre-report expectations, while soybean sales totaled 1.378 MMT.
Grain markets traded on both sides of unchanged overnight, with beans and wheat mildly favoring the upside this morning.
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Soybean basis firmed over the past week and is now in line with the three-year average.
Beef stocks climbed more than average during September, largely because the previous month’s figure was revised down 15.1 million pounds. Sept. pork stocks dropped, whereas there is normally a small buildup in supplies.