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Traders await USDA reports, Conab slashes forecasts and ocean imports into the United States are increasing...
Corn futures fell to contract lows overnight, leading soybeans and wheat lower as well. Traders await Thursday’s USDA reports, which will give a fresh look into South American crop estimates and U.S. balance sheets.
Corn futures fell to contract lows overnight, while soybeans posted double-digit losses and wheat followed to the downside.
Cordonnier leaves South American crop estimates unchanged, China’s stock market responds to economic news and E.U. inflation expectations decline...
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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.