Corn and soybean markets right now? Choppy, with rallies that can’t quite hang on. Traders are watching every headline. Chinese soybean purchases are improving, but the pace still isn’t where the trade hoped it’d be. Demand overall remains steady — not booming, not busting — with domestic crush holding soybeans up and exports doing just enough on corn. South American weather is the wildcard: Brazil’s dryness and Argentina’s rain delays keep adding risk premium. And going forward, the market’s focus stays on export pace, South American production, and whether funds want to keep buying or head for the exits.
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