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Grain, soybean futures seen firmer on fresh demand, supply concern in wheat.

As of Nov. 30, 52% of U.S. winter wheat area was covered by drought conditions, up from 49% the previous week.

Higher crop prices drive increase in 2021 forecast farm income

Wheat export sales were a marketing-year low. Corn and soybean sales were down sharply from the previous week but each topped 1 MMT.

Grain, soybean futures extended Wednesday’s corrective gains overnight.

U.S. net farm income is forecast to reach $116.8 billion in 2021, up $22.0 billion (23.2%) from 2020 with the 2020 result up $15.7 billion (19.9%) from 2019.

Corn and soybean basis continues the post-harvest rebound

Corn and soybeans end higher amid ideas price drop may stir fresh export demand, wheat ends mixed.

Dems want CR until Jan. 28; GOP wants into mid-Feb. | Some progress on debt limit talks