
Wheat down 3-4 cents, corn and soybeans down 1-2 cents

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Wheat prices fell by 3-4 cents per bushel, influenced by geopolitical tensions and ample global supply, despite a weaker dollar providing some support. The March wheat contract was last at $5.14-1/4. Corn declined by 1-2 cents, with the March contract at $4.23. Soybeans also dropped by 1-2 cents, with expectations of slowing demand due to a large Brazilian crop. The March soybean contract was last at $10.56-1/4. China has fulfilled its soybean purchase pledge, buying 12 million metric tons from the U.S.

