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Corn, soybean and wheat futures saw a round of corrective buying overnight after Tuesday’s sharp losses.
Corn and wheat futures are lower to start the week as soybeans firm. Cattle futures are mildly firmer and lean hogs are mixed...
Wheat futures expected to extend strength on global supply worries, soybeans firm, corn weaker.
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HRS and HRW futures led the rebound from last Friday’s sharp losses as concerns with the new Omicrop strain of Covid eased.
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Corn futures settle near five-month high on strong exports, soybeans and wheat lower amid Covid concern.
Concerns about a new, heavily mutated variant of Covid-19 produced high anxiety among traders overnight, as global stock markets and oil prices plunged, while bonds surged (yields dropped) amid heavy risk-off trade.
Grain, soybean futures end lower in pre-holiday liquidation trade, cattle futures post fresh highs on cash strength.
Soybean export sales were within the range of pre-report estimates.
More questions than answers on new Covid variant but fear, uncertainty rule markets today