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Cash corn prices stabilize; soybean prices continue to drop.

Soybean basis continues to plunge.

After the Bell | September 27, 2023 Crude oil notched a 13-month-high, lifting corn futures while persisting U.S. dollar strength combined with a potential gov. shutdown limited gains across commodities.

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Corn, soybeans and wheat each saw corrective buying overnight, though each faded into the break. Soybeans continue to show relative strength, despite mixed outside markets.

Corn and soybean futures firmed amid light corrective buying overnight. Wheat traded on both sides of unchanged overnight.

After the Bell | September 26, 2023 “Risk off” trade limited upside in the grain/soy complexes ahead of a potential government shutdown and persisting strength in the U.S. dollar.