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Corn, soybean and wheat futures were unable to build on Wednesday’s strong gains and faced pressure overnight.
China data questioned on all fronts, including ag production and stocks
Wheat basis firmed along with a rise in cash prices.
JPMorgan Chase & Co could process another 40 Russian grain export payments, two sources told Reuters.
A shift in farmers’ expectations regarding the Fed’s future interest rate policy was a key factor in the improved sentiment.