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Corn and soybeans succumbed to selling pressure while hogs and cotton outperformed to the upside on Wednesday.
Iowa and Nebraska led the CCI declines, while crops in Illinois improved.
Markets saw upside for the most part today, led by soybean strength. Wheat and cotton struggled to maintain spillover strength.
Soybeans showed relative strength overnight and carried corn futures higher into the break. Wheat futures continue to fall under pressure.
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Mixed action in the grains today with soybeans leading strength, corn closing roughly flat and wheat leading losses.
Pro Farmer estimates the U.S. corn crop at 14.960 billion bu. with an average yield of 172.0 bu. per acre. We estimate the U.S. soybean crop at 4.110 billion bu. with an average yield of 49.7 bu. per acre.