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Corn, soybeans and wheat each favored the upside in overnight trade, though selling pressure increased into the break.
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Corn and soybean futures extended Friday’s strong gains during the overnight session, while wheat also traded higher.
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Corn, beans post bullish reaction to USDA’s data.
USDA pegged the final corn yield at 179.3 bu. per acre, down 3.8 bu. from Nov, while the soybean yield was trimmed by 1 bu. per acre to 50.7 bpa. Quarterly corn, soybean stocks were also below expectations, while wheat seedings landed well above.