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Top stories for Nov. 7, 2024

After the Bell

Crops Analysis

Livestock Analysis

Cash corn and soybean prices rise.

Market Snapshot

China wants to limit soybean imports | FOMC expected to cut interest rates by 25 basis points | David Wasserman on 2024 elections

Soybeans led strength overnight while corn and soybeans saw action on either side of unchanged.

Corn sales during the week ended Oct. 31 totaled 2.77 MMT, according to USDA, which rose 18% from the previous week and four-week average. Net sales notably outpaced analysts’ expectations. Weekly soybean sales were reported at 2.04 MMT.

Corn, soybeans and SRW wheat built on Wednesday’s late price strength during the overnight session while HRW and HRS wheat rebounded from losses.