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Soybeans, corn, wheat down to start the year

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Soybeans were sharply lower on speculative and technical selling. Weekend rains were better than expected in some of the drier parts of Brazil. That should help, but damage has been done to portions of the crop and early harvest activity is underway in some areas. CONAB’s updated outlook for Brazil is out this Thursday, the 4th, while the USDA’s updated supply, demand, and production numbers are set for Friday, January 12th at Noon Eastern/11 Central.

Soybeans, corn, wheat down to start the year