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Soybeans Fall on Mideast Conflict Fears

USDA's report on Friday expected to show smaller US corn, soy crops

US soybean futures fell on Wednesday as sentiment soured after Iran’s missile attack on U.S.-led forces in Iraq, sparking fears of wider war in the Middle East, reports Reuters.

The most-active soybean futures on the Chicago Board Of Trade were down 0.4% at $9.40-1/4 a bushel by 0147 GMT, having closed down 0.1% on Tuesday.

USDA will issue a report on Friday that is expected to show smaller US corn and soy crops, lower U.S. winter wheat seedings and tighter end-of-season grain stocks.

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