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Corn and wheat traded narrowly near unchanged most of the night, while soybeans favored the upside, though pared gains into the break.
Weekly soybean, wheat and soymeal sales fell short of expectations for the week ended Jan. 4, while corn sales were near the low-end of the pre-report range.
Soybeans traded solidly higher overnight, while corn and wheat pivoted around unchanged in light trade.
Basis firmed for soybeans and cash prices dropped.
Grains saw renewed selling pressure overnight, negating much of Tuesday’s rally in corn and soybeans, though wheat futures pared overnight losses into the break.
Corn, soybeans and wheat were unable to build on Tuesday’s corrective gains during overnight trade.
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The grain and soy markets saw corrective buying most of the overnight session, though sellers reemerged into the break, breaking prices near session lows.
Corn, soybeans and wheat recouped a portion of Monday’s losses during overnight trade.
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During the week ended Jan. 4, weekly wheat inspections topped pre-report estimates by over 140,000 MT, while soybean inspections were just shy of the pre-report range of 700,000 MT to 1.125 MMT.