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Trump defends tariffs, dismisses threat of retaliatory moves; China cancels more SRW wheat

Corn, soybeans and wheat each drifted lower on low volume in overnight trade, giving up a portion of Friday’s gains.

Short-term trends turn sideways for corn, soybeans, soymeal and soyoil.

Corn, soybeans and wheat pulled back from Friday’s corrective gains during the overnight session.

Vilsack at NFU | CPI | Midwest Council on Ag gets $2 mil. | WOTUS rule concerns | Rosendale announces retirement

After the Bell | March 8, 2024

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Domestic ending stocks were unchanged for corn and soybeans, higher for wheat and lower for cotton.

Corn and soybean ending stocks were unchanged from February, while wheat ending stocks rose 15 million bu. However, global corn and wheat ending stocks were lower than pre-report estimates; soybeans were as expected.