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Soybean Futures Eases After Strong Rally

4/9/2012 3:06 PM ET

Agricultural commodites were mixed in thin trade Monday, as markets got back to business after the Easter holiday.

Soybeans rose eased 3 cents to $14.31 a bushel -- down slightly from their highest levels in six months.

The May wheat contract edged up 4.4 cents to $6.43 a bushel amid talk of cattle ranchers switching to wheat from expensive corn.

May corn dropped 9.2 cents a bushel on the Chicago Board of Trade, giving back Friday's modest gains.

After big losses late last week, July cotton was down another 1.1 cents at 89.50 cents per lb on the Chicago Board of trade. Last Friday government figures showed U.S. farmers were planning big crops.

by RTT Staff Writer

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