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Agriculture futures drop sharply on Chicago Board of Trade

CHICAGO - Agriculture futures dropped in early trading Thursday on the Chicago Board of Trade.

Wheat for September delivery slipped 1.5 cents US to $5.34 a bushel, while September corn slid 6.75 cents to $3.4975 a bushel. September oats tumbled seven cents to $2.28 a bushel, and soybeans for August delivery were down 12.5 cents to $11.48 a bushel.