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Corn, soybeans end Wednesday lower

Jeff Caldwell 11/17/2010 @ 2:29pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

The CME Group grains closed with a mixed tone Wednesday, with corn and soybeans dipping lower and wheat ending the day higher, a tone that leads some analysts to believe the market may have found a bottom for the time-being.

At the close, December corn was 3/4 cent lower at $5.25 3/4 per bushel, while January soybeans were 14 3/4 cents lower at $12.05, according to Barchart.com. Wheat was the lone pit in the black, trading 6 1/4 higher to $6.32 1/2 per bushel.

"Looks like the markets have hit a bottom today," Market Analyst Al Kluis said Tuesday afternoon in Agriculture.com Marketing Talk. "I will look for high export sales tomorrow."

The USDA Foreign Agricultural Service is scheduled to release its weekly export sales report Thursday morning.

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