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Weekly wheat and soybean inspections during the week ended March 14 fell 164,665 MT and 98,672 MT, respectively, from the previous week. Meanwhile, corn inspections rose nearly 73,000 MT.
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Corn and soybeans saw continued selling pressure overnight, while wheat posted modest corrective gains. Each saw selling pressure into the break.
Corn, soybean and wheat futures held in relatively tight ranges during light, two-sided trade overnight.
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Corn and wheat faced selling pressure overnight while soybeans continued to show relative strength.
Weekly corn sales during the week ended March 7 totaled 1.28 MMT, up 16% from the previous week, while soybean and wheat sales each faded, down 39% and 69%, respectively. Wheat sales were at a marketing-year low.
Soybeans extended their recent corrective gains during the overnight session, while wheat traded lower and corn favored the downside in two-sided trade.