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Wheat futures posted strong gains overnight, while soybeans traded solidly higher and corn was mixed amid bull spreading.
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Wheat futures are expected to open solidly higher, with corn and soybeans likely to be mixed with a firmer tone. Pre-report positioning will be featured this morning ahead of USDA’s May crop reports.
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Corn, soybeans and wheat are expected to open lower this morning after losses overnight and disappointing export data, especially for soybeans.