News
Drought continues to spread from west to east across major U.S. corn and soybean areas.
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Corn, soybean and wheat futures are expected to open sharply higher following strength overnight and on weather concerns.
Soybean futures led overnight price gains, though corn and wheat actively participated in the push to the upside.
Corn and soybean basis remains well above average.
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Grain and soy futures are expected to face heavy pressure after active followthrough selling during overnight trade.
Corn, soybeans and wheat actively extended Tuesday’s losses during overnight trade.