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Published May 29, 2012, 08:46 AM

Conditions, cancellations pressure market

Wheat started last week off on a strong note, but faltered for the rest of the week. For the week ending May 24, July Minneapolis dropped 15.5 cents, September Minneapolis dropped 14 cents, July Chicago dropped 34 cents, and July Kansas City gave up 18.5 cents. Wheat was under pressure from spill-over selling from the other grains as well as from high crop ratings for spring wheat.

By: Ray Grabanski, Agweek

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