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On the Grains Grains are steady to firm in overnight trade with beans firmest. We’ve not yet seen the wire service roundup of pre-release trade estimates for Friday’s Acreage Report but expect them to show most expecting a slight shift from corn to beans since March Planting Intentions. The more immediate news is weekend weather where heavy weekend rains have led to flooding and more super-saturated fields across much of SE South Dakota, southern Minnesota and Northwest Iowa. This area has experienced from 6 to 15 inches of rain in the past 10 days! The 3-5 day outlook shows a bit of respite, but then the 6-10 day outlook shows yet another huge front bringing abundant rainfall to the northern half of the Corn Belt and the Lake states where it could well do more harm than good. Meanwhile, the hotter than normal temps persist across most of the country in both the 3-5 day and 6-10 outlook. As we noted last week, the hot temps are particularly worrisome in the Delta and Southern States where corn has already entered the temperature-sensitive silking and pollination stage. This morning we’ll get weekly export inspections and this afternoon we’ll get the holiday-delayed Commitments of…

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