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Based on the latest grain futures quotes, soymeal contracts are gaining, indirectly supporting soybean futures via stronger feed demand statistics. Michelle: The funds were so long in that market, it looks like maybe they finally decided they're going to take some money and liquidate, huh? This report is the first indication of whether planted acres will go to corn versus soybeans in the Midwest. Grain futures quotes from CME show wheat futures marginally gaining, aided by rising geopolitical tension near key shipping routes. Grain analysts project near-term volatility spikes.
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