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U.S. wheat drops on fundamentals; corn, soy pressured by profit-taking
date:May 09, 2016
U.S. wheat futures slid 1.8 percent on Thursday to their lowest since mid-April as bearish fundamentals, highlighted by reports of strong crop prospects in the U.S. Plains and weak export demand sparked selling by investment funds, traders said.

Corn and soybeans also fell, with corn hitting a 10-day low as investment funds locked in profits from recent rallies.

The market is starting to struggle a bit, said Karl Setzer, a market analyst at MaxYield Cooperative. It needs something fresh. A bul

12/26 03:24