Wheat showed relative strength overnight while soybeans led weakness, leaving corn caught between the two.

Wheat futures led a round of corrective buying in the grain markets during overnight trade.

Central Illinois cash corn price below $4.00 for first time since October 2020.

Cash hog prices gained strength in the seasonal rebound.

Fed fund futures continued to reflect the greatest odds for a Fed rate cut starting in June, with three or perhaps four reductions by year-end.

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