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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.
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Soybeans Boost Corn
Grain futures are mixed: soybeans rise, pulling corn with them, while wheat declines amid harvests and global quality concerns. USDA may increase wheat yields, affecting prices.
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Grain Prices Surge on Weather Shifts and Brazil's Tax Uncertainty
Grain markets rebounded after a week of massive selling due to poor export outlooks and high yield expectations, driven by weather concerns and Brazil's new tax policy.