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Early corrective buying dried up overnight and grain/soy futures are trading lower and on session lows this morning.

Cash grain and soybean prices plunge.

Basis for corn and soybeans dropped despite a sharp decline in futures over the past week.

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Grain and soy futures are expected to have a varied tone at the start of daytime trade.

Corn and soybeans posted mild corrective gains overnight, while wheat traded on both sides of unchanged.

Crop Consultant Dr. Michael Cordonnier’s expectations for corn and soybean plantings.