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Grain markets traded lower overnight, led by double-digit losses in soybeans.
Cash corn and soybean prices rose sharply over the past week.
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Corn, soybeans and wheat each continue to consolidate near recent highs.
Corn and soybeans rebounded from Tuesday’s losses overnight, while wheat faced light selling pressure.
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Corn and soybeans saw profit-taking overnight, while wheat continued to challenge downtrend resistance.