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Weekly export sales for week ended Dec. 29 revealed mild wheat sales, missing low-end expectations by nearly 153,000 MT. Corn sales were also shy by 81,000 MT and soybeans landed on the low range.
China to expand oilseed acreage, Australian wheat crop forecast at record levels and Eurozone inflation softens sharply...
Grain and soy futures are expected to open firmer on corrective buying, though it has been a struggle to find sustained buying during daytime trade on bounce attempts this week.
Corn, soybeans and wheat were supported by corrective buying overnight after heavy selling pressure earlier this week.
After the Bell | January 5, 2023 Risk aversion in commodities persists as the U.S. dollar treads higher.
Argy soybean sales lag year-ago, China releases COVID data and USDA to announce funding to increase packing capacity...
As of Jan. 3, 70% of the U.S. was covered by abnormal dryness/drought, down four percentage points from the previous week and 15 points below the peak in early November.
Biden to visit border, speak today on border security and enforcement, hold Cabinet meeting