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Soymeal prices continue their sharp price decline.

Uncertainties included difficulties estimating the state of financial markets, potential oil price shocks and the impact of labor union strikes on the economy, among other factors.

After the Bell | October 11, 2023 Corn futures grabbed mild gains despite a general risk-off tone amid increasing geopolitical uncertainty.

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Corn, soybeans and wheat each favored the downside overnight, with wheat going into the break on session lows. Price action in grains is likely to be largely driven by positioning ahead of Thursday’s USDA reports.

Corn, soybeans and wheat held in tight trading ranges during a quiet two-sided overnight session.