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GRAIN HIGHLIGHTS: Top Stories of the Day


Corn Falls as Post-WASDE Correction Continues
Corn for March delivery fell 3.9% to $5.34 1/2 a bushel on the Chicago Board of Trade Wednesday as grains fell after Tuesday s WASDE report showed a smaller-than-expected cut to ending stocks. Soybeans for March delivery fell 3.4% to $13.54 a bushel. Wheat for March delivery fell 2.2% to $6.35 1/2 a bushel.
Grain futures dropped Wednesday. Traders opted to take profits in reaction to a muted movement in stockpile figures from the government. The USDA numbers were nowhere near what trade has been assuming given the export sales reports recently and given the crop reports out of South America, so it looks like we are going to have a little readjustment period and then have to wait for the March report, said Tomm Pfitzenmaier of Summit Commodity Brokerage. ....

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