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Corn, soybeans and SRW wheat faced followthrough selling overnight, while HRW and HRS wheat futures pulled back from Tuesday’s gains.
Weekly corn inspections fall short of pre-report estimates, while corn and wheat inspections land near the lower-end of their respective ranges.
Soybeans are mildly firmer with corn futures mixed. Live cattle futures are under pressure with lean hogs slightly higher...
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Soybeans and wheat are expected to trade solidly higher after active followthrough buying overnight. Corn futures are called mixed, but should be helped by spillover from soybeans and wheat, along with outside markets.
Soybeans and wheat extended last week’s gains amid followthrough buying during overnight trade, while corn posted two-sided trade.
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“Packers are scrambling,” Derrell Peel, an Oklahoma State University agricultural economist, told Reuters.
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