News
Corn and soybean futures found followthrough buying overnight while wheat futures rebounded as markets were supported by the recent sharp pullback in the U.S. dollar.
Weekly export inspections for week ended Oct. 20 revealed another week of sizable soybean inspections, at nearly 3 MMT, while wheat fell short of the expected range of 200,000-500,000 MT, and corn was as expected.
Corn, soybeans and wheat futures open the week under pressure. Cattle futures are mildly firmer and lean hog futures are under corrective selling pressure.
Grain, soybean futures lower as U.S. dollar strengthens, crude oil drops.
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Grain and soy futures faced pressure from weak outside markets overnight.
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Soybean futures end firm, post third weekly gain on stronger exports; corn little-changed, wheat mostly lower.
All three categories matched or were close to the average pre-report estimates.
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