Soybeans, corn fall, watching planting weather

Soybeans were sharply lower on fund and technical selling. U.S. planting is faster than average, with favorable weather in the near-term forecast for many areas. A number of key states are considerably ahead of their respective normal paces, but portions of the northern Plains are lagging due to wetter and cooler than ideal conditions. Broader market bearishness linked to concerns about U.S. and global economic growth was an additional factor. Brazil’s basis is moving higher as harvest draws to a finish, which could help U.S.

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