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Both crops remain well above last year’s levels.

After the Bell | November 13, 2023

Weekly soybean inspections in week ended Nov. 9 fell 516,368 MT from the previous week and were shy of the pre-report range of 1.75 to 2.25 MMT.

Soybean futures are off to a higher start as corn and wheat futures lag. Cattle futures are under pressure with lean hog futures mixed.

Scott suspends presidential campaign | China buys more U.S. soybeans | Japanese yen at 1-year low

Soybeans saw sustained strength overnight while wheat and corn both favored the downside and went into the break nearer session lows.

Short-term trend turns bearish for crude oil.

Soybean futures firmed overnight while the wheat market weakened. Corn was caught in the middle amid light, two-sided trade.

House GOP offers two-step plan to fund gov’t; 2018 Farm Bill, orphan programs extended