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Bird flu | CBO | Immigration program change | Intense heat wave | U.S./Mexico and GMO corn

Corn and soybeans saw corrective gains overnight while wheat futures continued to fall under pressure. Each saw an increase in buying interest into the break.

Corn and soybean futures were supported by light corrective buying overnight, while wheat futures posted mixed trade.

All three crops remain rated well above year-ago at this time.

After the Bell | June 17, 2024

Soybeans inspected for export during the week ended June 13 rose 100,000 MT from the previous week, while wheat inspections rose modestly. Meanwhile, corn inspections were notable, but fell 54,000 MT on the week.

Wheat and soybean futures are sharply lower to open the week, pulling corn prices mildly lower. Livestock futures are mostly higher...

Short-term trends turn bullish for cattle futures, bearish for wheat.

Biden administration prepared to release more oil from Strategic Petroleum Reserve (SPR)