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Corn, beans look to open slightly lower

Jeff Caldwell 11/17/2010 @ 7:17am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The CME Group grains look to start Wednesday's trade on the mixed to mostly lower side, though losses may not be as sharp as Tuesday's session.

Early calls are corn 4-6 cents lower, soybeans 14-16 lower and wheat 4-6 higher, according to private sources.

As of 6:15 AM CST in the overnight electronic trade, December 2010 corn was 4 1/2 lower at $5.22 per bushel, while January soybeans were 18 3/4 at $12.01, according to a report from Dow Jones Newswires. December wheat was 4 1/2 cents higher at $6.30 3/4.

"Pretty wild overnight market," says Agriculture.com Marketing Talk member nwobcw. It might even open at yesterday's close if it keeps up."




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