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Soybeans and soymeal led a pullback from Monday’s gains during the overnight session, while corn and wheat saw lighter price pressure.
Soybean futures firmed overnight while the wheat market weakened. Corn was caught in the middle amid light, two-sided trade.
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Corn and soybeans saw modest losses overnight following volatile trade on Thursday following the updated USDA reports, while wheat went into the break on session highs, modestly higher
Corn, soybeans and wheat tried to work higher early in the overnight session, but buyer interest was limited and light pressure ensued.
Corn, soybeans, wheat and cattle each saw extensive selling throughout the session. Cotton rose on corrective buying and hogs continue to show relative strength on strong cash fundamentals.
USDA raised its corn, soybean and cotton crop estimates, pushing up projected ending stocks. Wheat ending stocks also increased.