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Midwest Weather Split Drives Corn and Soybean Prices Up
Corn and soybeans are up due to deteriorating crop conditions, while wheat is down. The Midwest's weather split impacts forecasts and crop ratings. Cattle and hogs show mixed trends, while gold and silver rise.
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Soybean and Wheat Prices Plummet as Farmers Sell Off
Grain futures dropped amid delayed Brazilian tax hikes, drought in Russia, and U.S. heat. Soybean, wheat, and corn prices fell, while cattle and hog markets fluctuated.
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Weather Shifts Drive Grain Market Volatility
Grain markets retreat as weather forecasts shift. Cattle prices surge on tight supply and demand. Gold rises, crude oil steady, hogs rebound, and Bitcoin falls.
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Brazil Lowers Soybean Estimates
Markets rose after Brazil's agricultural agency cut soybean estimates but raised corn projections. Midwest and China face weather issues, impacting grain and livestock prices.
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Crop Report Recap: Minimal Movement in Markets
June crop report shows minimal change in trade action. Corn remains steady, slight gains in beans, wheat down. USDA ignores South American crop losses. Market awaits Brazilian data.
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Russian Crop Damage Spurs Wheat Price Surge
Grain futures were mixed with sharp reversals: Chicago and Kansas wheat rose, spurred by reduced Russian crop estimates and French milling wheat gains, while soybeans and cattle futures declined.