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Grain declines leveling off?

Jeff Caldwell 03/21/2012 @ 6:45am Multimedia Editor for Agriculture.com and Successful Farming magazine.

There looks to be a little more life in the corn, soybean and wheat trades Wednesday after overnight prices appear to have stemmed the sharp declines seen in all pits after Tuesday's session.

Early calls for the grains are corn 4-6 lower, soybeans 1 to 3 higher and wheat 3-5 lower, according to private sources.

Though still largely in the red, the markets seem to have bucked Tuesday's trend; as of 6:25 a.m. CDT Wednesday morning, May corn was 4 1/4 cents lower at $6.43 1/4 per bushel, while May soybeans were 3/4 cent lower at $13.45 3/4, according to Barchart.com. May wheat was 3 1/2 cents lower at $6.39 per bushel.

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