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Soybean futures extend gains on demand optimism, wheat firmer in corrective bounce, corn down slightly.
Soybeans traded higher but within Tuesday’s range, while soymeal futures posted new highs. Wheat futures were supported by mild corrective buying, while corn posted light, two-sided trade overnight.
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Soybeans post firm gains on fresh China demand, soymeal rally; corn ends near 3 1/2-month low, wheat lower.
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Soybean futures higher on demand optimism, corn firmer on corrective buying, wheat mixed.
The Current Conditions Index declined 3 points to a reading of 98, while the Future Expectations Index increased 2 points to a reading of 104.
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Soybean futures posted double-digit gains overnight while corn traded slightly higher and the wheat market was mixed.