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feed-grains soy-oilseeds wheat

Market Commentary

Talk that Ukraine was trying to double its corn exports to China in the next year plus the strong U.S. dollar brought more fund selling to corn today. Meanwhile, there was mixed news out of South America about soybeans. General Comments It was a quiet night trading session that ended mixed this morning. A U.S. jobs report was better than expected and drove the U.S. dollar sharply higher. The U.S. dollar has now rallied 15 percent against the euro in the last six months. That strength seemed to give the funds more courage to sell wheat and corn to end the week. Soybeans also spent most of today lower but rallied at the close to finish about even. May soybean futures dropped about 40 cents for the week with May Chicago wheat down more than...

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Black Sea Regional Analysis

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