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China’s soybean imports below year-ago in April, western companies are looking for a new manufacturing hub and South American yields beat expectations...
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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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China imports South African corn, U.N. food price rises slightly and tight sugar supplies may support higher food costs...
Investors Fret About Bank Failure Contagion | China buys corn from Africa