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Market Snapshot

GOP officially gets their trifecta | Gaetz shocker | Rubio tapped | RFJ Jr. | Farm bill

Wheat continues to see relative weakness while corn and soybeans faced modest selling pressure overnight.

USDA estimated 43% of the U.S. winter wheat crop was experiencing drought conditions, down 14 points from last week and one point less than last year at this time.

Corn, soybeans and wheat traded on both sides of unchanged in light trade overnight.

Corn, soybean and SRW basis are all slightly better than average.