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SRW wheat basis firmed despite the surge in cash price.

After the Bell | December 6, 2023

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Wheat futures led the way higher overnight, as soybeans and corn both saw spillover strength. The increase in export demand has encouraged buyers of each market.

Corn and wheat extended their recent rallies overnight, while soybeans firmed amid a corrective rebound.

Corn and wheat continue to lead to the upside despite weakness in soybeans. Cotton futures rallied though continue to trade in a sideways range. Hog futures fell sharply despite sharp corrective gains in cattle.