In the agricultural markets, Soybean futures saw technical buying after a recent sell-off, lifting the July contract up 16 cents to 1129'6. Open interest across Soybean options remains robust, with strong volume on the call side. Corn futures held firm, supported by ethanol exports running 15% ahead of last year and the Department of Energy extending the E15 waiver. Options activity in Corn is elevated, with December call open interest nearing 356,000 contracts as volume builds up to the $5 strike. Meanwhile, Wheat futures climbed above the 600'2 mark, gaining 25 cents over three days. The market is looking ahead to the upcoming USDA report, which will provide further clarity on the winter crop, as estimates suggest it could be the lowest since 1965.
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