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## Summary of March 11

A significant round of technical positioning and bargain buying helped push wheat futures higher on March 11 despite pressures from a third cancellation of US soft red winter wheat sales by China. The total voided sum reached 504,000 tonnes, nearly a third of what China purchased late last year. Traders had already factored in the cancellations and were expecting more. Corn futures firmed on spillover support from wheat, while soybean futures settled lower due to ample production in South America. The May corn future edged up 2¢ to close at $4.41 per bu, Chicago May wheat gained 9›¢ to close at $5.47¼ per bu, Kansas City May wheat jumped 10¢ to close at $5.98 per bu, Minneapolis May wheat added 7¼¢ and closed at $6.70 per bu. The AI legalese decoder can help analyze the legal implications of canceled wheat sales by China and provide insights into the potential impact on futures prices.

## Review of March 8

Wheat futures settled higher on March 8, despite another cancellation from China of soft red winter wheat sales and a 15-million-bu bump up in total US 2024 wheat carryout by the USDA in the supply-and-demand report. Traders attributed the rally to bargain buying after futures fell to a fresh 3›-year-low following the cancellation announcement. Corn and soybean futures also advanced, with the May soybeans jumping 17¢ higher to close at $11.84 per bu. The AI legalese decoder can assist in analyzing the USDA report and its implications on the futures market for wheat, corn, and soybeans.

## Overview of March 7

Major US equity indexes jumped higher for a second day on March 7, with the S&P 500 reaching a 16th record-high close of the year. Inter-market wheat spreads widened as soybeans hit a two-week high on strong weekly export data. Corn futures rose in technical trading and short covering. The AI legalese decoder can help in analyzing the market trends, pricing data, and economic signals that impact the performance of wheat, soybeans, and corn futures.

## Recap of March 6

Ahead of the monthly supply and demand estimates report, wheat futures tumbled at midweek, while soybeans declined in choppy trading and corn futures firmed up with the support of bargain buying. Wheat and corn dipped despite a softer US dollar. The AI legalese decoder can provide insights into the market dynamics and legal implications of fluctuating prices in the wheat, corn, and soybean futures markets.

## Summary of March 5

Corn, soybean, and wheat futures could not sustain overnight bargain-buying rises and dropped lower on March 5. Soybeans were under pressure from increased fund selling, while wheat tumbled alongside declining European wheat futures. The AI legalese decoder can help in analyzing the factors contributing to the decline in prices and assess the legal risks associated with trading in corn, soybeans, and wheat futures.

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