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Short-term trend turns bullish for soybeans and lean hog futures.
Soybean futures posted strong gains overnight, which spilled over to corn, while wheat faced light selling pressure.
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Corn and wheat traded in a tight range overnight, though went into session highs following a surge higher after this morning’s NFP number. Soybeans saw continued strength overnight, trading a two-week high.
Corn, soybeans and wheat held in relatively tight ranges while spending time on both side of unchanged during overnight trade.
Updated monthly and quarter price forecasts, including the initial outlook for the second quarter of 2024.