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Corn, soybeans and wheat each faced selling pressure overnight. Buying interest modestly picked up in each going into the break.
Corn, soybeans and wheat traded on both sides of unchanged overnight but are mildly firmer early this morning.
Corn basis inched up as the average cash price slipped.
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Corn and wheat favored the upside overnight and made new highs, while soybeans faced profit-taking.
Corn and wheat futures mildly favored the upside overnight and are trading near session highs early this morning while soybeans have slipped a little.
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The barometer’s rise was primarily attributable to a 9-point rise in the Current Conditions Index amid a rise in commodity prices.
Soybeans and wheat saw profit-taking overnight following yesterday’s impressive gains, while corn traded on either side of unchanged.