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Soybeans led a round of corrective gains in grain and soy futures during the overnight session.

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Corn, soybeans and wheat each favored the downside overnight, with soybeans negating most of Monday’s surge.

Corn, soybeans and wheat traded higher at points overnight but have adopted a mostly weaker tone this morning.

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Weekly soybean inspections during the week ended June 20, rose modestly on the week and were near the upper end of the pre-report range, while corn and wheat inspections each declined from the previous week.