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Analysts expected modest declines in 2024-25 ending stocks for corn and soybeans, though USDA kept the estimates unchanged from last month. Global corn, soybean and wheat ending stocks were each below their average pre-report estimate.

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Corn, soybeans and wheat each traded in tight ranges overnight on light volume ahead of today’s USDA reports.

Corn, soybeans and wheat mildly favored the upside in a quiet overnight session ahead of USDA’s crop reports later this morning.

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