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Soybean futures expected lower in correction from rally to seven-month highs, corn and wheat also lower.

Wheat and soybeans within expectations

Canada food prices, availability already being impacted by Covid vaccine mandate

Soybeans, corn and spring wheat pulled back from Thursday’s gains overnight, while winter wheat futures extended yesterday’s losses.

The Rural Mainstreet Index is above growth neutral for the 14th straight month.

Soybean futures surge to highest levels since mid-June, corn slightly lower, winter wheat down in corrective setback.

Cash corn prices are well above year-ago, but soybeans dropped below last year.

The National Weather Service’s (NWS) 90-day forecast continues to give elevated odds of above-normal temps and below-normal precip across HRW areas of the Southern Plains through April.

Soybeans seen higher as South America weather remains in focus, corn and wheat pull back from gains.