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Soybeans lower in corrective pullback from climb to two-month highs; wheat lower as exports sag, corn firm.

Senate Set to Approve House-Passed Measure to Halt Rail Strike, But Timing Unclear

Weekly export sales for week ended Nov. 24 revealed wheat missing low end expectations by over 140,000 MT, while corn and bean sales landed just above their respective low-end estimates.

Drought covers 80% of the U.S., with 74% of U.S. winter wheat area impacted.

Cash cattle price climbs to the highest since May 2015.

Soybean futures led price declines overnight as the market pulled back from strong gains earlier this week. Corn and wheat faced mild selling pressure overnight.

Soybean basis and the average cash price both rose.

Soybeans extend rally, hit highest level in over two months on demand optimism, soymeal rally; wheat higher, corn lower.

District agricultural conditions were mixed, though mostly strong.