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Soybeans and corn rose in overnight trade, supported by USDA cuts to US ending stocks and supply and a new 136,000 tonne sale of US soybeans to China. Wheat also gained on Black Sea tensions, while Rosario raised its Argentine wheat estimate to 24.3 Mt.
Lower US stocks and new Chinese buying tighten nearby supplies and support grain and meal prices, while larger Southern Hemisphere wheat supply limits wheat gains.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.