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Wheat sales during the week ended June 20 topped analysts’ pre-report range for the second straight week. Soybean sales fell 49% on the week, while soyoil saw net reductions, which were a marketing-year low.
Frozen meat stocks data suggests demand didn’t keep pace with supplies during May.
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Corn, soybeans and wheat each favored the downside overnight, with soybeans negating most of Monday’s surge.
Corn, soybeans and wheat traded higher at points overnight but have adopted a mostly weaker tone this morning.
Weekly soybean inspections during the week ended June 20, rose modestly on the week and were near the upper end of the pre-report range, while corn and wheat inspections each declined from the previous week.
Corn, Soybeans and wheat futures open the week under pressure. Livestock futures are mostly lower...
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Corn and wheat traded around unchanged most of the overnight session though selling accelerated this morning, while soybeans traded higher most of the night before turning lower into the break.