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USDA cut its soybean crop estimate a little more than anticipated, while the cotton crop came in well below expectations.
Weekly new-crop corn inspections have kicked the marketing year off ahead of last year at this time by over 4%, while soybean inspections lagged by over 21% in week ended Sept. 7.
Corn and soybean futures are slightly higher with wheat under moderate pressure. Cattle futures are mostly higher with feeder futures mixed and choppy. Lean hog futures are off to a solid start...
CCC in focus | UAW deadline Thursday | Yellen on U.S. economy | Sorghum outlook
Corn and soybean futures mildly favored the upside in light trade overnight, while wheat posted modest losses.
G20 leaders announce joint infrastructure agreement linking India with Middle East & Europe
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Oil prices & inflation | China’s ag import strategy | STB proposes rule | Crop insurance
Muted volatility was seen across the grain markets overnight, which is likely to continue until Tuesday’s Crop Production report.