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After the Bell | April 19, 2022 Corn futures end lower after initial climb to 10-year highs; wheat down on profit-taking, soybeans mixed.
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Grain, soybean futures seen lower after fading under corrective pressure overnight; U.S. planting remains slow.
Overnight price action in the grain and soy markets was quiet and choppy.
Corn futures rally above $8 near a 10-year high amid broad commodity market rally; soybeans, wheat also surge.
The winter wheat CCI ratings are below the five-year averages, especially the HRW crop.
Corn posts new contract highs overnight as soybeans and wheat firm sharply. Cattle and hog futures are also higher to start the week.
Corn futures top $8, soybeans and wheat also high on concern over Ukraine war, U.S. weather.