Basis firmed for soybeans and is now positive.
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The ag markets saw selling pressure across the board today aside from cattle, which rose on anticipation of firmer cash trade.
The ag complex saw extensive selling pressure across the board today, with corn, soybeans, wheat and cotton each facing selling pressure.
Talk of higher cash traded lifted cattle futures Wednesday, while hog futures continue to fall under seasonal pressure.
Relatively quiet price action across the grain and livestock markets at midmorning.
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The grain markets saw limited volatility overnight, with corn seeing slight buying into the break, soybeans seeing mild selling pressure and wheat facing profit taking from Tuesday’s rally.
Corn, soybean and wheat futures traded narrowly on either side of unchanged during quiet overnight price action.
