News
Corn, soybeans and wheat each saw losses overnight on light volume, though corn and beans each saw increased buying into the break.
Placements declined less than expected, while marketings fell more than anticipated.
The increase in beef stocks was about average during November.
Corn posted fractional gains, soybeans saw corrective buying and wheat rose for the second consecutive day. Cotton futures rose as well. Cattle chopped near unchanged, while hog futures saw steady buying.
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Corn, soybeans and wheat each favored the upside overnight with each firming into the break, as each saw little volatility overnight.
Corn, soybeans and wheat modestly favored the upside, while holding in tight trading ranges during a quiet overnight session.
Corn and wheat saw corrective buying on Thursday despite losses in the soy complex. Cotton futures slipped after intraday volatility. Cattle futures pulled back from recent gains while hogs saw light buying.
The projected decline in grocery store prices would be the first since they dropped 1.3% in 2016.