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US farm markets were mostly lower to start the week. Corn prices, indeed, dropped 0,85%. Soybean market sold off due to improved crop weather in Brazil and soybean prices tumbled 1.87% lower.  Soybean meal fell 1,28%. Soybean oil shedded 0,63%.  The wheat complex was mixed but mostly higher, in contrast, rebounding with small to moderate gains […]

Russian wheat fell for the second consecutive week last week.Indeed, according to IKAR, Russian wheat with 12.5% protein loading from Black Sea ports for supply in late December was $334 a tonne free on board (FOB) at the end of last week, down $3 from the previous week.According to SovEcon, wheat export price was down $2 to $338 a tonne.Barley was unchanged

Last week was marked by the release of the USDA’s December WASDE report which, while having made changes from nonexistent to insignificant, was still enough to inspire further selling in wheat and some new soybean purchases. Some bargain buying, however, got involved in the wheat game after the USDA report had sent Chicago wheat futures