Wheat futures settled sharply lower Tuesday after a weak post-holiday trading session. July Chicago Wheat settled at 493 1/2 , down 21 3/4 cents. July Kansas City Wheat settled at 524 1/2, down 22 cents. Corn futures also settled lower on Tuesday. July Corn settled at 355, down 5 cents and December Corn settled at 373 1/4, down 4 1/2 cents.
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