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Updated crop estimates from Dr. Michael Cordonnier.
Corn, soybean and winter wheat futures faced pressure overnight, while spring wheat traded mildly higher.
Top producer Kansas led the HRW decline, falling nearly 3.6 points over the past week.
After the Bell
Weekly corn inspections fall short of pre-report estimates, while corn and wheat inspections land near the lower-end of their respective ranges.
Soybeans are mildly firmer with corn futures mixed. Live cattle futures are under pressure with lean hogs slightly higher...
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Soybeans and wheat are expected to trade solidly higher after active followthrough buying overnight. Corn futures are called mixed, but should be helped by spillover from soybeans and wheat, along with outside markets.
Few changes in short-term trends for ag markets.
Soybeans and wheat extended last week’s gains amid followthrough buying during overnight trade, while corn posted two-sided trade.
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“Packers are scrambling,” Derrell Peel, an Oklahoma State University agricultural economist, told Reuters.
After the Bell | May 5, 2023
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Corn, soybean and wheat futures are expected to open higher amid corrective buying.
Corn, soybeans and wheat firmed amid corrective buying during overnight trade.
After the Bell | May 4, 2023
Our monthly and quarterly price forecasts, including the first projections for the fourth quarter.
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