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: Soybeans surged on corrective gains overnight, wheat traded higher though saw profit-taking into the break and corn futures saw continued selling pressure though maintained Friday’s reaction low.

Short-term trend for lean hog futures improves

Soybeans and wheat posted mild corrective gains overnight, while corn futures extended their price slide.

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After the Bell | January 12, 2024

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Most of the data was bearish compared to pre-report expectations.

USDA pegged total U.S. corn and soybean production at 15.342 billion bu. and 4.165 billion bu., respectively amid a 2.4 bu. and 0.7 bu. bump in the national corn and soybean average yield estimate from November.