News
Grain and soy futures are expected to favor the downside after failing to sustain corrective buying overnight.
Wheat futures posted mild corrective overnight, while soybeans traded mixed and corn faced followthrough selling.
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The report data is mildly negative compared with pre-report expectations, especially placements. But the report is not bearish.
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Corn and soybeans will face followthrough selling, while wheat will attempt to maintain modest corrective gains posted overnight.