Corn, soybeans continue to sell off

Soybeans were sharply lower on fund and commercial selling. Even with 3 export sales to China during the past week, there was no real buying interest as the trade keeps an eye on development weather. Beijing’s latest buy was 126,000 tons of 2011/12 U.S. beans. Outside markets were mixed Friday, highlighted by the lower dollar, sharply lower gold and crude oil closing under $80 a barrel. The Dow was down for much of the session, eventually closing modestly higher but still posting its worst

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