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Down day for soybeans, corn

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Soybeans were lower on profit taking and technical selling. Weather forecasts are generally favorable for parts of Brazil, while Argentina is expected to see a drier pattern, potentially into February. Early harvest activity is ongoing in Brazil between rainfall with mostly disappointing yields. Those yields could improve at least a little for later planted beans. CONAB’s updated outlook for Brazil and the USDA’s next round of supply, demand, and production estimates are both out February 8th.

Down day for soybeans, corn

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