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On the Grains
Grains are higher in overnight trading with wheat up double digits after two days of losses. Weather forecasts are becoming scrambled as to impact on planting pace through the weekend and into next week. Some parts of the Midwest are expected to dry out enough for planting to resume, while intermittent showers will return to others just about the time planters might have resumed. Most importantly, this week and next week are the two where planting typically makes its biggest gains and Monday’s planting progress report is likely to show corn planting has fallen even further behind normal, which should prove supportive.

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