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Corn and soybeans are under pressure with wheat futures mixed. Cattle futures are lower although traders foresee higher cash trade again this week. Hog futures are mostly higher to start the week.
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Corn and soybeans are expected to open lower on followthrough selling from pressure overnight. Weekly soybean sales were disappointing.
USDA reported weekly sales in week ended March 30 were down 55% from the previous week and 42% from the four-week average, while corn sales rose 20% on the week, but were down 26% from the four-week average.
Corn and soybeans faced modest followthrough selling overnight, while wheat futures favored the upside in corrective trade.
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