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Soybeans traded higher amid corrective buying overnight, while corn and wheat favored the downside.
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USDA cut corn, wheat and cotton ending stocks, while leaving soybean carryover unchanged.
Global carryover for corn and soybeans each surpassed pre-report expectations by 1.8 MMT and 1.5 MMT, respectively, largely neutralizing the lower-than-expected U.S. corn carryover.
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Corn and soybeans favored the upside overnight, while wheat saw some profit taking, though went into the break well off session lows.