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Grains are expected to open under slight selling pressure as chart support is tested below the market. The large speculators are seemingly wary to be aggressive buyers while harvest progress will be picking up significantly this week. Further upside for wheat could help turn attitudes more positive. In the Headlines ADM announced that had restarted operations at the processing plant in Decatur, Illinois that suffered an explosion last Sunday. The damaged corn mill is one of the largest in the country and has the capacity to produce 375 million gallons of ethanol per year. There still remains some concern that problems with the plant would serve as a pressure on basis just as harvest is set to start and while river markets are nearly shuttered because of low water levels. Ukraine’s Eastern European neighbors were preparing to extend their ban on Ukrainian grain imports in a bid to protect against domestic food inflation. Hungary, Romania, Poland, and Slovakia were working on a plan to block grain purchases from Ukraine, but the countries will still help to facilitate shipments that would travel through their land ports on the way to Western Europe and beyond. Russia continues to balk at restarting the…

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