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Corn, soybeans and wheat each saw an extension of recent strength early in the overnight session before testing technical resistance, which spurred selling pressure as bears continue to hold the near-term technical advantage.
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Wheat futures surged higher today, helping pull new-crop corn higher.
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SCOTUS asked to rule on legality of Trump’s ‘Liberation Day’ tariffs.
Wheat saw relative strength, soybeans consolidated near recent highs and corn saw moderate weakness overnight.
The broader marketplace is monitoring escalating tensions in the Middle East and awaits Fed commentary and other macroeconomic developments.