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Grain and soy futures are expected to open weaker after failing to sustain Wednesday’s corrective gains overnight.
Corn, soybean and wheat futures faced followthrough selling during overnight trade.
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Soybeans extended gains from the past two days during overnight trade, while corn and wheat firmed amid mild corrective buying.
While the wheat crops in Oklahoma, Colorado and Montana showed modest improvement, the other states declined.
Weekly corn inspections topped pre-report estimates of 1.35 MMT for week ended April 27, while wheat was near the top-end pre-report range and soybeans mid-range.