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Corn and soybeans are expected to open lower, with wheat likely to see a mildly varied start (winter wheat markets lower, spring wheat higher) to daytime trade.
Corn sales during week ended Nov. 30 totaled 1.3 MMT, while shipments reached a marketing-year high. Soymeal and soyoil shipments during the week also notched marketing-year highs.
Early seller interest faded overnight, with corn, soybeans and wheat all trading solidly higher early this morning.
SRW wheat basis firmed despite the surge in cash price.
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Wheat futures led the way higher overnight, as soybeans and corn both saw spillover strength. The increase in export demand has encouraged buyers of each market.
Corn and wheat extended their recent rallies overnight, while soybeans firmed amid a corrective rebound.