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‘Surprise’ hike could extend dollar rally, creating headwind for ag commodities
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Wheat saw relative strength overnight.
U.S.-Iran hostilities resume, rallying crude oil prices
Data shows soybean crush and renewable diesel output are hitting all-time highs, driven by strong domestic biofuel policy, while new U.S. tariffs on Brazilian tallow add fresh demand in the biofuel feedstock market.
Soybeans and wheat saw selling pressure overnight though did see an increase in buying going into the break.
Next few trading sessions will be critical for grain markets