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Corn, soybeans and wheat each favored the downside overnight in a continuation of Tuesday’s weakness. Prices are nearing the lower end of the recent sideways trading range in each crop.
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The decline in feedlot numbers was the first drop versus year-ago in eight months.
Beef stocks declined less than average during the month, while pork inventories built more than normal.
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Corn, soybeans and wheat each saw limited volatility overnight, trading in relatively narrow ranges on both sides of unchanged.
Corn, soybeans and wheat held in relatively tight trading ranges during a quiet overnight session.
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