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Weekly export sales data for week ended Sept. 22 revealed a sizable figure for soybeans at 1,003,000 MT, while corn and wheat each landed within the range of expectations.
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Grain, soybean futures higher overnight in corrective recovery; USDA harvest progress slower than expected.
Corrective buying was seen in the grain and soy complex overnight as the U.S. dollar pulled back and crude oil firmed.
Corn futures drop near four-week low, soybeans near three-week low as surging dollar, recession worries pressure commodities.
CCI ratings have dropped 11 consecutive weeks for corn and eight straight for soybeans.
Weekly grain inspected for export through Sept. 22, proved dismal as corn and soybean inspections were reported below expectations, while wheat inspections were notably lower for the week but within the expected range.
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Soybean futures drop to two-week lows, corn and wheat also lower on intensifying recession worries.
Grain and soy futures traded lower overnight on global economic concerns although soybeans recovered slightly on the open. Cattle futures are mildly higher with lean hogs under pressure to start the week.