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Positioning drove trade in the overnight session with soybeans showing modest strength and wheat leading weakness.
Corn and soybeans extended Thursday’s gains during the overnight session, while wheat futures posted modest corrective gains.
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After the Bell
Cash corn prices on par with year-ago.
Soybeans led weakness overnight while corn showed modest strength. Wheat was caught in the middle.
Soybeans and wheat faced followthrough selling overnight, while corn futures pivoted around unchanged in quiet trade.
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Corn, soybean and wheat basis remains below average.