Brian Hoops News
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Soybean futures rose for the first time in four days on speculation that U.S. growers won’t swing acreage away from corn after rain slowed grain sowing.
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Keith Kisling normally has 1,500 head of cattle on his land near the Oklahoma-Kansas border. Last year’s U.S. drought changed all that. For the first time in four decades as a farmer and rancher, he has none.
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Wheat futures fell to the lowest since June as rain boosted prospects for the U.S. winter crop set to emerge from dormancy. Corn prices tumbled the most in five months.
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Cattle futures rose the most in a month on speculation that U.S. meatpackers will increase purchases amid shrinking supplies. Hogs declined.
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Wheat dropped the most in a week on speculation that exports will fall short of government estimates in the U.S., the world’s biggest shipper.
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Wheat fell for the fourth time in five sessions as rain from Arkansas to Ohio boosts prospects for soft, red winter crops that are now in dormancy.
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Wheat rose the most in four weeks as export sales surged to the highest in almost two years in the U.S., the world’s biggest shipper. Corn and soybeans climbed.
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Wheat futures fell to a one-week low on signs that rains in the U.S. Great Plains this month have improved prospects of winter crops emerging from dormancy.
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Wheat surged the most in three months after a government report showed stockpiles were lower than expected in the U.S., the world’s biggest exporter, as demand climbed.
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Wheat fell, capping the longest slump in 11 months, after Egypt, the world’s biggest importer of the grain, shunned U.S. inventories and bought supplies from Russia.
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