WHEAT – Down 10 to 12 cents per bushel.
Improved winter wheat seeding weather in parts of Russia, some rainfall
in dry wheat areas of west Australia, profit-taking and a firm dollar
combine to weigh on wheat futures.
* EU wheat slips, outside markets, weather weigh.
* Cooler temperatures and some rainfall has eased stress on summer
crops in Russia and showers over the next 5 days will help replenish soil
moisture for planting winter wheat in the northern areas. Tuesday’s weather
maps also indicate showers for the southern growing areas.

CORN – Down 6 to 8 cents per bushel.
Improved U.S. corn condition ratings, falling wheat prices and a
setback after a big buildup of fund long positions weigh on corn futures.
Additional weight from seasonal harvest pressure, a firm dollar, lower
crude oil and lower equities markets.
SOYBEANS – Down 5 to 7 cents per bushel.
Outlooks for record large U.S. 2010 soy production, spillover from
falling wheat futures, a firm dollar, lower crude oil and lower equities
combine to weigh on soy futures. Additional weight from seasonal harvest
pressure.

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