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Export shipments, lower dollar lift soybeans; wheat sinks

Dollar drops to six-week low. (audio)

Soybean futures are higher following better-than-expected weekly export inspections, while corn and wheat futures are a few cents lower at midsession.

Winter wheat is under some pressure as forecasts put beneficial rain in Kansas and Oklahoma this week.

The dollar dropped to about a six-week low today as traders believe the Federal Reserve will not be aggressive in raising interest rates.

Listen to the report using the audio link on this page.

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

TAGS: Market News
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