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After the Bell | October 17, 2023 Followthrough soymeal gains led soybeans higher, while hedge pressure and a general risk-off tone hovered over grains.
Corn futures are lower with soybeans firmer and wheat mixed to start the week. Cattle futures are mildly firmer and lean hog futures are choppy with seller interest limited...
Short-term trend flips from bearish to sideways for soymeal.
Corn, soybeans and wheat favored the upside on the overnight open but saw selling pressure as the session went on. Wheat held onto gains, but corn and soybeans went into the break near unchanged.
Corn, soybeans and wheat held in relatively tight trading ranges during a quiet overnight session.
U.S./EU trade issue decision looming | Putin goes to Beijing | More U.S. sanctions on China
Iowa has entered the legal fray by challenging a recently enacted Massachusetts law that prohibits the sale of pork not meeting specific hog-confinement standards, according to the Iowa Capital Dispatch.
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Brent nears $90 as the U.S. signals stricter sanctions enforcement | China looks for wheat
Corn, soybeans and wheat each saw followthrough buying overnight and were driven higher into the break by an export sales report had net sales topping expectations in each crop.