U.S. Grain Futures Close Lower

U.S. Grain Futures were unable to extend Tuesday's gains and closed lower Wednesday. May Chicago Wheat settled Wednesday down 8 cents at 523 3/4. May Kansas City Wheat closed sharply lower at 549 1/2 down 13 1/4 cents with general selling occurring. May Soybeans settled at 999 1/4 down 12 1/2 cents. May Soymeal closed at 331.5, down 3.7. May Soybean Oil closed at 32.20 down 0.32. Corn futures closed weak on Wednesday . May Corn settled the day at 392 down 5 3/4 cents. July Corn settled at 399 1/2 down 6 cents.