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feed-grains soy-oilseeds wheat

Market Commentary

The wheat market was the loss leader again with old crop contracts of Chicago and KC wheat falling 11-12 cents to the lowest level in about five weeks. There was some selling of corn and wheat near the close by index funds as they rebalance. General Comments After today, only one-and-a-half days of trading remain before the important reports from USDA are released mid-session next Monday. Traders seem to be casting votes in favor of bearish reports as grain prices worked their way lower again, and today they were joined by soybean prices as well. The weakness of soybeans is notable, given that last week's soybean export sales volume was surprisingly large and especially considering it was a holiday week. Soybean futures dropped about 8 ce...

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