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Corn, soybeans and wheat faced light price pressure overnight amid escalating trade tensions.
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Corn, soybeans and wheat each faced selling pressure overnight. Buying interest modestly picked up in each going into the break.
Corn, soybeans and wheat have turned mostly weaker early this morning after trading higher at points earlier in the overnight session.
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Corn sales during the week ended Jan. 30 totaled 1.48 MMT, rising 9% from the previous week and 32% from the four-week average.
Soybeans and wheat saw persistent buying pressure most of the overnight session while corn saw action on either side of unchanged.
Corn, soybeans and wheat traded on both sides of unchanged overnight but are mildly firmer early this morning.
Corn basis inched up as the average cash price slipped.
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Corn and wheat favored the upside overnight and made new highs, while soybeans faced profit-taking.