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Debt-limit update | Reports Fed watches signal another 25bp hike in rates | Iran seizes oil

Soybeans are expected to open higher amid corrective buying, while corn and wheat could face mild followthrough selling after failing to sustain buyer interest overnight.

Soybean futures traded higher overnight, while corn and SRW wheat failed to sustain earlier corrective buying.

After the Bell | April 27, 2023

Industrial profits drop in China, the House votes to raise debt limit and biofuel proponents urge Biden administration to include SAF in Inflation Reduction Act...

Grain and soy futures will face followthrough selling amid eroding technicals and no indication from export sales data that prices are ‘cheap enough.’

Weekly corn, soybean and wheat sales were all within their respective ranges for week ended April 20. While cotton and pork sales were each up noticeably from the previous week and the four-week average.

House clears debt-limit measure with ball now in White House, Senate Democrats’ court