News
Modest corrective buying was seen in the corn, soybean and winter wheat markets overnight following recent, sharp price losses.
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Soybeans are expected to lead losses in the grain and soy markets this morning in a continuation of price pressure from overnight trade.
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Soybeans faced followthrough selling overnight. Corn and wheat posted two-sided trade but have weakened early this morning.
Most of the decline in wheat conditions in February was in top producer Kansas.
Soybean export inspections for week ended Feb. 23 missed low-end expectations by 159,000 MT and were down from the previous week by 893,000 MT. Though wheat inspections were above top end estimates by over 90,000 MT.
Corn and soybeans are off to a tepid start with wheat futures under pressure. Cattle futures are choppy with hog futures mildly higher to start the week...