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Markets signal reduced odds of more than one rate cut this year following the release of minutes from latest monetary policy meeting.
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Wheat led strength overnight though went into the break well off session highs, corn and soybeans followed suit, posting early overnight gains but weakening into the break.
Front-month SRW wheat futures rallied to the highest price since early August during overnight trade, pulling corn and soybeans higher.
Iowa State University’s annual survey finds steady cash rents for 2024.
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Soybeans led weakness overnight though corn, soybeans and wheat each pulled back from Monday’s gains. Each saw light volume overnight.