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Commodity Futures Stabilize After Declines
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Soybean and corn futures stabilize after significant price declines, influenced by factors such as multi-year lows, weak U.S. exports, and global market conditions. Wheat futures also experience a slight decrease. The decline in soybean and corn prices is attributed to factors like a strengthening dollar, lacklustre U.S. exports, and improved crop conditions in Brazil. Additionally, live cattle futures on CME rise to a more than one-month high but retreat as traders await the impact of wintry weather on livestock.
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How might the decline in soybean and corn prices impact global food security and trade?
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