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-Today was the first trading day of the week following MLK day, and corn, soybean, and wheat futures all pushed higher with strong gains to prices.
-A slower start to Brazil soybean harvest (1.7% complete) vs. last year (6% complete), plus the continued dry situation in Argentina is supporting soybean futures.
-Russian wheat exports have been falling since October and are currently well below the 5 yr average.
-On day one Trump did not initiate immediate tariffs on China, and delayed the 25% tariffs on Canada and Mexico, now set to start on Feb 1st.
-Weekly US export inspections report showed corn higher week over week, and soybeans and wheat lower. All 3 commodities are tracking ahead year over year for inspections.
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