Pro Farmer
Wheat inspections during the week ended July 18 slid 383,000 MT from the previous week, falling short of pre-report expectations.
Soybeans are sharply higher with milder gains in corn and wheat. Cattle futures are sharply higher to open the week and lean hogs are mildly favoring the upside...
Corn and soybeans led buying efforts overnight, though both stopped just shy of key technical resistance. Wheat rebounded early though went into the break near unchanged.
No changes to short, intermediate or long-term trends.
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Grains solidly higher overnight to open the week.
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Data was mostly neutral, though the placements figure may support deferred live cattle futures.
Corn soybeans and SRW wheat each notched weekly losses as technical pressure continues to curb buyer interest, though SRW futures notched a promising daily gain despite followthrough strength in the U.S. dollar.
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