US wheat fell early on Wednesday to reverse earlier gains led by a nearly 3 percent plunge in top quality spring wheat that posted its biggest drop in nearly two months. Corn and soyabeans also turned down on profit-taking in volatile dealings mirroring plunging gold, a firmer dollar and a reversal in the stock market from robust early gains.
At 11:14 am CDT (1614 GMT), CBOT September wheat was down 8-1/2 cents at $7.48-3/4 per bushel, new-crop December corn was down 2-1/4 at $7.41-1/4 and new-crop November soya was down 5-3/4 at $13.91-1/2.
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