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Corn holds onto gains as soybeans, wheat fail to rally

Corn holds onto gains as soybeans, wheat fail to rally

Soybeans were lower on fund and technical selling. Beans did try to rally but bowed to another round of pressure from vegetable oils, crude oil, and general demand concerns. Soybean oil dropped on those demand concerns and while nearby crude oil was down during the normal grain and oilseed session, it did show some signs of firming up after the CBOT close before eventually closing lower. Soybean meal did close mostly higher on spread trade.

    

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