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Soybeans lower in corrective pullback from climb to two-month highs; wheat lower as exports sag, corn firm.
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Weekly export sales for week ended Nov. 24 revealed wheat missing low end expectations by over 140,000 MT, while corn and bean sales landed just above their respective low-end estimates.
Drought covers 80% of the U.S., with 74% of U.S. winter wheat area impacted.
Cash cattle price climbs to the highest since May 2015.
Soybean futures led price declines overnight as the market pulled back from strong gains earlier this week. Corn and wheat faced mild selling pressure overnight.
Soybean basis and the average cash price both rose.
Soybeans extend rally, hit highest level in over two months on demand optimism, soymeal rally; wheat higher, corn lower.
District agricultural conditions were mixed, though mostly strong.
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Soybean futures rise to highest in over two months on demand optimism, corn and winter wheat also firmer
Soybean futures pushed to their highest levels since September overnight, while corn and wheat were supported by end-of-the-month corrective buying.
The CCI ratings for HRW and SRW are both well below the respective five-year averages.
Soybean futures end at three-week high amid demand optimism, South America crop concerns; corn lower, wheat mixed.
Soybean futures climb to three-week highs as China concerns ease; corn, winter wheat mostly lower.
Corn mildly favored to the downside, while soybeans and wheat were mostly firmer during a lightly traded overnight session.
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SRW wheat tumbles to three-month low, corn mostly lower as China protests unnerve markets; soybeans higher.
Corn export inspections missed low-end expectations by nearly 100,000 MT, while wheat was just shy. Soybean export inspections were notable, but below last week’s figure by over 400,000 MT.
Chinese Covid protests rattle markets coming out of the holiday weekend.