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Soybeans led strength overnight while corn saw corrective buying from a fresh contract low. Wheat futures saw renewed selling.
Corn futures fell to contract lows overnight, while soybeans posted double-digit losses and wheat followed to the downside.
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Declining prices for key commodities weighed on agricultural producer sentiment in January.
Corn, soybeans and wheat each saw gains overnight with soybeans leading the way higher.
Corn, soybeans and wheat traded in narrow ranges in two-sided price action overnight but have adopted a mostly firmer tone this morning.
Weekly soybean inspections during the week ended Feb. 1, rose more than 500,000 MT from the previous week and above the pre-report range. Meanwhile, corn inspections dropped 300,000 MT on the week.
Corn, soybeans and wheat open the week under pressure. Cattle futures are choppy with lean hogs lower this morning...