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Grain futures fall sharply

Chicago -- Grain futures fell sharply on the Chicago Board of Trade Monday as a three-month rally in U.S. stock markets appeared on its last legs in New York.

Corn was off 13 3/4 to off 14, soybeans were off 25 to off 30, wheat was off 8 3/4 to off 9 1/2 and oats were off 8 1/2.

Corn futures closed lower as recent rains in the Midwest forced farmers to turn from corn to soybeans. Wheat closed lower as conditions appeared good for the winter wheat harvest, just under way. Soybean futures lost ground as farmers gained ground with the U.S. Department of Agriculture reporting 94 percent of the planting completed.
The prices:

Corn: Jul 3.85 1/4, off 14; Sep 3.93 1/2, off 13 3/4; Dec 4.05 1/2, off 14; Mar 4.17, off 14.

Soybeans: Jul 11.51 1/2, off 25 1/2; Aug 10.90, off 30; Sep 10.23, off 27 1/2; Nov 9.81, off 25.

Wheat: Jul 5.46, off 9 1/4; Sep 5.75, off 9 1/2; Dec 6.01 1/2, off 9 1/4; Mar 6.18 1/2, off 8 3/4.

Oats: Jul 2.03 1/2, off 8 1/2; Sep 2.13, off 8 1/2; Dec 2.26 1/2, off 8 1/2; Mar 2.39 1/2, off 8 1/2.

Copyright 2009 by United Press International.

Glenn Kelman, chief

Glenn Kelman, chief executive and president of Redfin, said that it will not open offices across the Island to launch its services. He said one office in either Melville or Huntington would be enough. The online brokerage would just develop and introduce better features, in addition to its foreclosed home search tools.

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