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Grains expected to rebound Wednesday

Jeff Caldwell 10/20/2010 @ 7:23am Multimedia Editor for Agriculture.com and Successful Farming magazine.

After 2 days of sliding prices driven by factors like a surging U.S. Dollar, the CME Group grains are expected to rebound Wednesday, sources say.

Early calls are:

  • Corn: 7-9 cents higher
  • Soybeans: 11-13 higher
  • Wheat: 3-5 higher

The grains reversed the previous trend in overnight trading. As of 7:00 AM CST, the overnight trade sent December 2010 corn futures 9 1/2 cents higher to $5.55 1/2 per bushel, according to Barchart.com. November soybeans were 14 cents higher at $11.94 per bushel, while December wheat was 4 3/4 per bushel at $6.76 1/4.



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