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Soybeans on the Brink

Futures test summer lows ahead of USDA report

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According to Farm Futures, after consolidating for three weeks, soybean futures face a key test today when USDA updates its forecast of production supply and demand, November futures came within a tick of summer lows overnight as traders brace for bearish news from the government.

News for corn could be friendlier, if it can move independently of other markets.

To view the Farm Futures Morning Market Report for Sept. 12, click here.

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