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Soybean Futures Fall to Fresh Lows

Showers continue to slow corn plantings in Midwest


U.S. soybean futures fell to fresh contract lows on Wednesday, pressured by sluggish exports and worries that rain-delayed U.S. corn seeding would expand the number of acres planted with soybeans, which can be sown later in the spring.

According to a report at Reuters, corn futures firmed as soggy fields around much of the Midwest and forecasts for more rain over the next two weeks appeared likely to keep planting of the grain well behind the desired pace.

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