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Soybeans ended the day with modest losses as traders pared down positions ahead of extreme headline risk tomorrow and Friday. The very strong spot Midwest bean basis has been a supportive factor over the last couple of sessions, but it is likely to be temporary as basis for delivery next week is much weaker, according to The Higher Report.
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Corn futures saw some late session strength as contracts closed with losses of 1 ½ to 2 ¼ cents across the board on Wednesday. The national av…
Bloomberg said, “Food prices for the rest of this year are largely headed in one direction: up.
“Today’s export inspections report was decent for soybeans with inspections totaling 27.9 million bushels for the week ending Sept. 17. Total …
“Expectations for lower EU and U.S. production with the possibility of higher usage (including China) leaving U.S. and global stocks much tigh…
Nick Paumen at CHS Hedging said, “The average trade estimates for US corn yield is expected to come in at 178.1 bu/ac, down 2.6 from last from…
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