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Corn, soybeans lower after recent gains: Podcast

Market weakness persists despite strong export sales.

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

The strong dollar may have played a role in the selling, as the currency rose to a seven-month high Thursday after Europe’s Central Bank hinted that it may introduce another economic stimulus plan.

Bob Burgdorfer of Farm Futures reporting. Farm Futures is a sister publication of Feedstuffs.

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