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Corn, soybean and wheat futures held in tight ranges in quiet, two-sided overnight trade.

Cash hog prices continue slow, methodical seasonal climb.

Corn basis improved along with a big jump in the cash price.

Beef stocks declined more than average, while pork inventories climbed more than normal during April.

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Wheat futures are expected to open lower after price pressure overnight. Corn is called steady/firmer, while soybeans are likely to be mixed.

Soybeans faced followthrough selling during overnight trade, while corn and wheat pulled back from Tuesday’s gains.