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Winter wheat drops to two-month lows as harvest pressure expands; corn, soybeans also under pressure.
Corn and soybean futures saw active followthrough buying overnight after strong gains Thursday, while the wheat market was quiet in two-sided trade.
Monthly survey finds negative impact from raging input costs, high expectations of recession.
Corn futures jump to four-week high amid concern over high Midwest temperatures; soybean and wheat also higher.
Heat isn’t expected to build in the central and northern Corn Belt until after corn pollination.
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Corn, soybean futures expected higher with more extreme heat ahead for Midwest; wheat also higher.
Corn sales were a marketing-year low for 2021-22 and light for 2022-23, too.
Corn futures mildly built on Wednesday’s gains overnight, while soybeans and wheat traded mixed.