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Corn and soybeans are higher with wheat futures under light pressure to start the week. Cattle futures are higher with lean hogs lower to start the week...
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Grain and soy futures are expected to open moderately to sharply higher on weather concerns and Black Sea tensions.
A combination of weather concerns and increased geopolitical uncertainty in the Black Sea region supported corn, soybeans and wheat overnight.
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Soybeans are expected to modestly favor the upside, while corn and wheat are called lower this morning.
USDA reported 2023-24 soybean sales of 1.407 MMT, topping the pre-report range by over 100,000 MT.