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Soybeans traded higher but within Tuesday’s range, while soymeal futures posted new highs. Wheat futures were supported by mild corrective buying, while corn posted light, two-sided trade overnight.
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Soybeans post firm gains on fresh China demand, soymeal rally; corn ends near 3 1/2-month low, wheat lower.
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Soybean futures higher on demand optimism, corn firmer on corrective buying, wheat mixed.
The Current Conditions Index declined 3 points to a reading of 98, while the Future Expectations Index increased 2 points to a reading of 104.
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Soybean futures posted double-digit gains overnight while corn traded slightly higher and the wheat market was mixed.
Corn drops to 3 1/2-month low on eroding charts, slumping exports; SRW wheat hits 14-month low; soybeans firm as soymeal rallies.
Wheat export inspections for week ended Dec. 1 proved solid, topping expectations by nearly 35 MT, and up over 50 MT from the previous week. Corn inspections were mid-range, and up by almost 213,000 MT week over week.