News
Corn, soybeans and wheat faced price pressure overnight in reaction to Argentina cutting grain and soy export taxes through midyear.
Cash corn prices above year-ago, soybean prices still below last year at this time.
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Corn and soybeans traded on either side of unchanged overnight though favored the upside into the break. Wheat favored the downside overnight.
Corn, soybeans and wheat mildly favored the downside overnight, but selling was limited and markets are trading high-range early this morning.
Corn and soybean basis weakens as cash prices rise.