Soybeans are sharply lower near midday as the market sets back after recent strong gains. Corn futures also are lower. The declines are despite better-than-expected weekly sales and some daily export sales.
Wheat futures are holding modest gains as the winter wheat markets recover a little from Wednesday’s contract lows.
Weekly wheat export sales  also were better than expected.
Traders also may be moving to the sidelines ahead of Friday’s USDA monthly crop report.

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Soybeans and corn are lower near midday. Wheat futures are holding modest gains.

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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