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Both crops remain well above last year’s levels.
Weekly soybean inspections in week ended Nov. 9 fell 516,368 MT from the previous week and were shy of the pre-report range of 1.75 to 2.25 MMT.
Soybean futures are off to a higher start as corn and wheat futures lag. Cattle futures are under pressure with lean hog futures mixed.
Scott suspends presidential campaign | China buys more U.S. soybeans | Japanese yen at 1-year low
Soybeans saw sustained strength overnight while wheat and corn both favored the downside and went into the break nearer session lows.
Soybean futures firmed overnight while the wheat market weakened. Corn was caught in the middle amid light, two-sided trade.
House GOP offers two-step plan to fund gov’t; 2018 Farm Bill, orphan programs extended