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Pork producers give reasons why they are not expanding operations

Sharp weekly increases in cash prices of corn, soybeans and wheat.

Soybean basis firms to a penny over futures.

Grain and soybean futures posted two-sided trade overnight, with wheat and corn narrowly mixed and soybeans under pressure this morning.

Winter wheat futures surge to four-week highs, corn and soybeans also higher as “inflation trade” drives speculator buying.

Winter wheat rises to five-week high on concerns over drought, Ukraine; corn and soybeans also higher.