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Soybeans firmed on light corrective buying overnight, while the corn and wheat markets faced pressure.
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Grain and soy futures are expected to open with a weaker tone after price pressure overnight.
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Corn and soybean futures pulled back from Tuesday’s gains during overnight trade, while the wheat market extended yesterday’s losses.
USDA reported soybean export inspections of 1.578 MMT for week ended Feb. 16, with inspections outpacing year-ago by 3.5%. Corn, soybeans and wheat inspections were each within their expected ranges.
Soybeans are sharply higher with corn and wheat posting mild gains. Fat cattle futures are moderately higher with lean hog futures sharply firmer to start the week...
Soybeans and soymeal will start daytime trade sharply higher on support from Argentine crop concerns.
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