Soybeans, Wheat Lower

U.S. Grain Futures closed mostly lower Wednesday. May Soybeans extended the recent decline and settled near the lows of the trading session. May Soybeans settled 995 1/2, down 16 3/4 cents. May Soymeal settled at 327.8, down 5.0. May Soybean Oil settled at 32.18, down 0.79. Wheat futures traded weak. May Chicago Wheat closed at 495 3/4, down 10 1/4 cents. July Chicago Wheat settled at 503, down 6 3/4 cents. May Kansas City Wheat at settled at 527, down 8 1/4 cents. Corn futures were slightly lower. May Corn settled at 389 1/2, down 1 1/2 cents. July Corn settled at 397 1/2, down 1 3/4 cents.