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Soybean futures expected lower in correction from rally to seven-month highs, corn and wheat also lower.
Soybean futures built on Wednesday’s strong gains overnight, while the corn and winter wheat markets faced corrective selling.
Univ. of Arkansas completes analysis of Cattle Price Discovery and Transparency Act of 2021
Corn basis firms, soybean basis slips; both remain above futures.
Corn, wheat futures surge to three-week highs on weather concerns, general commodity strength; soybeans also higher.
Wheat futures seen higher as SRW climbs near three-week high, corn and soybeans also expected stronger.
Soybeans rebounded from Tuesday’s losses overnight, while wheat and corn extended yesterday’s gains.
No Supreme Court decision on Prop 12 petition, wetlands regulation
Soybean futures drop to two-week low as weekend rains aid South American crops, wheat up sharply on Russia-Ukraine concern.
Corn and soybeans open the week under pressure with wheat futures higher. Livestock futures are choppy but quiet...