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Corn and soybeans pulled back from their recent gains during overnight trade. Wheat was led lower by HRW contracts amid increased harvest activity.
Corn and soybeans are higher with wheat mixed. Livestock futures are choppy with hog futures mostly firmer to start the week...
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Corn and soybeans are expected to open higher on weather/crop concerns. Wheat is called mixed this morning.
Short-term trends turn bullish for soybeans, soyoil and oats.
Corn futures posted double-digit gains overnight amid increased weather/crop concerns. Soybeans also traded higher, while wheat was narrowly mixed.
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Winter wheat production was reported the average trade guess, due to a notable drop in estimated SRW wheat production from May. Meanwhile, U.S. carryover for corn and soybeans landed above pre-report estimates.
Given the mostly neutral data, focus will now be on weather and USDA’s Acreage and Quarterly Grain Stocks Reports at the end of the month.