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Grain and soy complex futures are called higher, with wheat trade likely to remain extremely volatile. Livestock futures are expected to face followthrough selling.
Corn, soybean export sales above expectations
Wheat futures gapped lower overnight after limit-down closes on Wednesday and sharply extended losses. But wheat filled the gaps and is trading higher this morning, as are corn and soybeans.
Wheat basis plunged over the past week amid the surge in futures.