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Soybeans led corrective strength overnight with corn following to the upside. Wheat fell under selling pressure, though buying efforts picked up into the break.
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Soybean basis dropped and remained weaker than average.
Corn, soybeans and wheat held in relatively tight trading ranges during a quite overnight session.
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Wheat futures led strength overnight with soybeans showing surprising strength following a gap lower on last night’s open. Corn traded on either side of unchanged with minimal volatility.