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New-crop soybeans dip below $10 as crop tour results awaited

Corn and wheat futures lower amid ongoing pressure from ample supplies. (audio)

August 24, 2016

1 Min Read

The crop markets are mostly lower on Wednesday, with some pressure coming from lower oil and a higher dollar. Also,
a crop tour moves into Iowa and Illinois today and traders await their reports on yields and crop health.
Crude oil is down after a government report showed supplies increased in the latest week, while the dollar and financial markets await comments later this week from the Federal Reserve’s annual meeting.

Listen to the report using the audio link on this page.

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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.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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