Corn and soybeans lower, wheat holds: Podcast

Low prices trigger demand for wheat, lifting market a little.

While corn and soybean prices were lower at mid-morning Thursday, wheat held on to modest gains thanks to better than expected export sales out this morning. While the U.S. failed to capture any business from the latest tender from Egypt, weekly sales came in at 17.9 million bushels.

Weak sales dented soybean futures, with weakness in corn developing on lower crude oil prices. USDA forecasts low prices for another year, keeping the mood restrained.

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