Corn and wheat ease in a day of profit taking
date:Apr 29, 2016


Grain and soybean weakness is being attributed to technical profit taking rather than the lack of fresh news, said Kim Rugel, at Benson Quinn Commodities.

Tregg Cronin, at Halo Commodities, noted back and fill trade, as the industry chews over last weeks rally.

Oil up, dollar down

Outside markets were, on the face of it, supportive.

Brent crude oil futures were up 3.2% at a fresh five-month high of $47.19 a barrel in afternoon deals.

And the dollar was down for most of the day, although i
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