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A shift in farmers’ expectations regarding the Fed’s future interest rate policy was a key factor in the improved sentiment.

Wheat futures rebounded late in the overnight session, which should trigger followthrough corrective buying early this morning. Corn and soybeans are called lower.

Corn, soybean and wheat futures faced followthrough selling during overnight trade.

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Soybeans extended gains from the past two days during overnight trade, while corn and wheat firmed amid mild corrective buying.

While the wheat crops in Oklahoma, Colorado and Montana showed modest improvement, the other states declined.