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Rains over the past week failed to improve the overall drought situation for the U.S. winter wheat crop.
China competition bill heads to conference after Senate votes
Wheat futures expected higher on concern over India supply; corn and soybeans follow higher.
Corn export sales were as expected, while old-crop soybean export sales topped expectations.
Wheat futures led price gains overnight amid active followthrough buying to yesterday’s strong gains. Corn and soybeans followed wheat higher.
Corn and soybean basis strengthens, but cash prices fall.