Corn and soybean are lower near midday as they retreat from recent gains. The declines came despite better-than-expected weekly export sales for corn and soybeans. Lower soybean oil also may be weighing on soybeans.

The strong dollar may have played a role in the selling. That currency rose to a seven-month high today after Europe’s central bank hinted that it may introduce another economic stimulus plan.

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Market weakness is despite strong export sales

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

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