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Grain and soy complex futures traded both sides of unchanged overnight but have softened to a weaker tone and session lows this morning amid a rise in Covid concerns.
Deere workers approved a new six-year contract | Tai gives signals of Biden trade policy
Weekly soyoil sales were strong and much higher than expected.
Wheat futures led gains, pushing above yesterday’s highs, while corn and soybean futures did not clear Tuesday’s highs.
Soybean basis firmed 3 cents, while corn basis improved 5 1/4 cents.
Soybean futures surge to highest level since late September as exports pick up, wheat and corn also stronger.
October 2020 placements were unusually light and October 2021 had one less slaughter day than year-ago.
House Dems hope to pass BBB this week, Canada’s wheat plantings are likely to rise, and the EU looks to leverage imports against deforestation...
Soybean futures climb to three-week highs overnight, winter wheat firmer on tight supply outlook.
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