News
After weaker trade early in the overnight session, modest corrective buying gradually built in corn and soybeans, while wheat is narrowly mixed this morning.
Corn basis turns positive but still below average.
Market now reflects the highest odds are for the first rate cut in September.
Wheat led strength overnight with corn following to the upside, while soybeans saw relative weakness.
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Corn, soybeans and wheat each favored the downside overnight, though volume was light.