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USDA cut the soybean yield by 1.4 bu. per acre to 51.7 bu. per acre, while ending stocks were pegged at 470 million bu. Both were well below average pre-report estimates. Meanwhile, both corn yield and ending stocks were below average estimates.
Corn saw relative strength overnight as soybeans and wheat favored the downside.
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Corn futures have firmed after light, two-sided trade overnight, while the soybean and wheat markets faced pressure for most of the session.
