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Grain Futures Surge on Weather Concerns
Grain futures surged with wheat up due to poor Russian weather, corn firming on planting delays, and soybean meal demand from Argentina. Livestock and gold also fluctuated.
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Brazilian Rains Spark Surge in Grain Futures
Afternoon, grain futures surge on heavy rains in Brazil. Soybean prices soar, fears over short supplies. Corn rises amid Midwest rain. Cattle rally on negative testing, hogs struggle. Gold volatile, oil slips.
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Livestock Futures Tumble Amid Avian Flu Concerns
Grain futures weaken with prospects of rain in Kansas, impacting wheat prices. Soybeans firm on Brazil's market strength. Concerns rise over avian flu testing. Livestock futures decline.
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Grain Futures Plummet
Soybeans and wheat were down sharply, corn slightly lower. Massive delivery intentions pressure markets. Livestock, gold fluctuate; crude oil weakens.
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Mixed Trends and Market Retreat
Grain futures show mixed trends; wheat retreats slightly, influenced by delayed plantings. Russian weather forecasts hint at rain, impacting markets. Soybeans up due to Argentine strike and austerity measures.
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Wheat Market's Resilience
Wheat market remains strong despite corn and soybean attempts to lead. Moisture prospects good, Kansas wheat up for 8 days, hitting $6. Freeze concerns persist.