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GRAIN HIGHLIGHTS : Top Stories of the Day

Corn Rises, Hits Limit-Up on Rebound From Early-Week Selling
Corn for July delivery rose 6.4% to $6.64 1/2 a bushel on the Chicago Board of Trade Thursday, with grain traders seeing the losses from earlier this week as overdone. Wheat for July delivery rose 4% to $6.74 a bushel. Soybeans for July delivery rose 2.2% to $15.40 a bushel.
Corn futures soared today, closing limit-up after rising 40 cents per bushel. It follows a 5.6% rout on Tuesday. Grain traders say they got carried away by news China would curb some amount of importing in an effort to control commodity prices as their economy bounces-back post-pandemic. It was only 1 million metric tons and the market overreacted, said Sal Gilbertie of Teucrium Trading. The global corn balance sheet won t change at all with China s cancellation of a few cargoes. ....

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LIVESTOCK HIGHLIGHTS : Top Stories of the Day

LIVESTOCK HIGHLIGHTS : Top Stories of the Day
05/27/2021 | 05:38pm EDT
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Sanderson Farms 2Q Profit Surges As Poultry Markets Improve
Sanderson Farms Inc. reported a big rise in profit from a year earlier as net sales rose substantially amid an improvement in poultry markets.
Net income at the company rose to $96.9 million, up from $6.1 million a year ago. Earnings were $4.34 a share, up from 28 cents a share. Earnings beat estimates from FactSet.
Surging Commodities Could Delay Chicken-Wing Cavalry Market Talk
11:41 ET - US restaurants are clamoring for more chicken wings and breast meat, but one major supplier may hold off on ramping up production. Sanderson Farms, which has led rivals in building new plants in recent years, has another one in the offing but CEO Joe Sanderson says the Mississippi chicken processor won t announce a construction schedule until the company gets a better read on feed grain prices ....

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