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Soybeans favored the upside, corn traded narrowly near unchanged and wheat favored the downside overnight.
Corn sales during the week ended Oct. 24 declined 35% from the previous week to 2.34 MMT, while wheat sales dropped 23%. Meanwhile, soybean sales rose modestly on the week to 2.27 MMT.
Soybeans extended Wednesday’s gains overnight, while corn and wheat futures weakened.
Soybean basis is slightly weaker than average.
Corn, soybeans and wheat traded with a mixed tone overnight, though buying interest increased into the break.
Soybeans are firmer early this morning, while corn and wheat have weakened after two-sided trade overnight.
Factors behind big U.S. surge in horticultural product imports