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Corn and soybean futures were supported by corrective buying overnight, while wheat pivoted around unchanged.

Basis firmed for corn, soybeans and wheat as cash prices dropped sharply.

After the Bell | June 5, 2024

Reduced Roundup verdict against Bayer in Pa. | RGDS flooding | China warns Biden | Yen rally | India surprise | Russian crop losses | Possible Canada border strike

Soybeans posted modest corrective gains overnight while corn and wheat pivoted near unchanged. Sellers have commanded the opens thus far this week, a break from that trend will be key.

Corn, soybeans and wheat held in relatively tight trading ranges during a quiet overnight session.

Both the current conditions index and future expectations index rose from April.

SAF | More Deere layoffs, to move production | Crude oil prices plunge | USDA’s strategy against bird flu in dairy cattle

Corn, soybeans and wheat each saw sustained selling pressure overnight, with soybeans showing relative strength.