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Grain and soybean futures are expected to open with a mostly weaker tone this morning, though supportive export demand data could trigger buyer interest.
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Corn and winter wheat futures extended losses from the two previous days overnight, while soybeans turned mixed this morning after facing pressure earlier in the session.
After the Bell | January 19, 2023 Forecasts of improving weather in Argentina over the next two weeks weighed on the grain and soy complex.
The National Weather Service (NWS) 90-day forecast continues to call for increased chances of below-normal precip across most of the Central and Southern during the February through April period.
RMI shows some optimism for rural economy,
Average farm diesel price falls below $4 for the first time since late February 2022.
The Treasury Department will take “special measures” to pay its bills, beef/pork ratio favors pork and Russia will raise soybean export tax...
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The drought footprint continued to gradually recede but remained wide.