News
Short-term trend turns bearish for soybeans and soyoil.
Corn, soybeans and wheat mildly favored the downside in relatively quiet overnight price action.
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Corn and soybeans posted modest corrective gains overnight while wheat spent most of the night trading near unchanged.
After weaker trade early in the overnight session, modest corrective buying gradually built in corn and soybeans, while wheat is narrowly mixed this morning.
Markets had a muted reaction to USDA’s April Supply & Demand Report.