Soybeans, corn, wheat extend losses

Soybeans, corn, wheat extend losses

Soybeans were lower on fund and technical selling, unable to follow through on early gains. Near-term forecasts for Argentina and parts of southern Brazil are drier, further stressing the crop and potentially limiting production. That could open up a wider window for U.S. soybean and product exports, but that shortfall in South America could be made up by production in central and northern Brazil. StoneX lowered its outlook for Brazil to a still record large 153.8 million tons.

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