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Soybeans and wheat are expected to trade solidly higher after active followthrough buying overnight. Corn futures are called mixed, but should be helped by spillover from soybeans and wheat, along with outside markets.

Few changes in short-term trends for ag markets.

Soybeans and wheat extended last week’s gains amid followthrough buying during overnight trade, while corn posted two-sided trade.

CPI | PPI | WASDE | Another climate summit | CBO forecasts May 12 | EPA Regan to testify

“Packers are scrambling,” Derrell Peel, an Oklahoma State University agricultural economist, told Reuters.

After the Bell | May 5, 2023

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China imports South African corn, U.N. food price rises slightly and tight sugar supplies may support higher food costs...

Investors Fret About Bank Failure Contagion | China buys corn from Africa

Corn, soybean and wheat futures are expected to open higher amid corrective buying.