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Corn futures favored the downside overnight, while soybeans have firmed this morning and wheat is narrowly mixed.
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Corn posted modest gains while much of the agricultural complex saw heavy selling.
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Grains showed some strength early in the overnight session but reports of China increasing tariffs on U.S. goods sent the grain and oilseed markets spiraling lower alongside most U.S. assets this morning.
Corn, soybeans and wheat see fresh wave of selling pressure following Beijing announcement.
Corn and beans remain volatile amid tariff announcements.
Corn managed to close higher in a sea of red following lower opens across the board.
Corn, soybeans and wheat each gapped lower on last night’s open as tariffs proved to be more restrictive than expected.
Weekly wheat sales during the week ended March 27 were more than triple the previous week’s figure, exceeding the pre-report range, while corn and soybean sales rose 13% and 21%, respectively.
Corn, soybeans and wheat followed the general marketplace lower in overnight trade.
Details, market impacts and reaction
Corn, soybeans and SRW wheat each favored the downside in overnight trade.
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Corn, soybeans and SRW wheat each favored the downside in overnight trade as woes surrounding this afternoon’s tariff announcement dictate trade.
Corn led strength overnight as corn and wheat both extended Monday’s report driven gains. Soybeans followed to the upside.