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US soyabeans turned lower by midday on Tuesday as the fast-advancing harvest in the world's top grains exporter overwhelmed support from talk of end-user demand and a weak dollar, underscoring the downward bias in the market at the moment. Futures had rebounded from six-week lows in Asian trading and kept the momentum into the Chicago session until midday when the benchmark November contract turned negative, falling 2-1/4 cents to $16.07-3/4 and off the session high $16.25-1/2.
Chicago Board of Trade November soya fell 0.1 percent to $16.08-3/4 a bushel at 12:07 pm CDT (1707 GMT) after rising to session high of $16.25-1/2. December corn was down 0.3 percent at $7.42-1/2 per bushel, while December wheat fell 0.7 percent to $8.85-1/2 per bushel.

Copyright Reuters, 2012

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