Short covering supports corn and wheat

Short covering supports corn and wheat

Soybeans were lower on fund and technical selling. No new export sales to China were announced Wednesday and the trade is taking a wait and see attitude towards talks. While no date has been reported, high level negotiations are expected to resume next month. Parts of Brazil are dry ahead of widespread planting, but it’s still early in the planting window. For now, most projections have an increase in planted area and another record crop for Brazil.

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