12/07/06 Can you say end of year sell off?

Can you say end of the year sell off? Wheat futures ended Wednesday lower along with corn and beans as the year end sell-off continued. Again, long traders are looking at removing profits from the table after a long fall run up. December wheat contracts in Chicago were down 23 cents at 4.75; Kansas City was down 20 1/2, Minneapolis down 14 ½. Corn futures ended the day lower. Funds and brokers were looking to make the books look good ahead of bonus season. December corn contracts were down 13 1/4 at 3.53. Portland cash white down .02 at 4.97 Club White.5.07, down .02. Pacific Northwest HRW 11.5 percent protein 5.69 down .22 Dark Northern Spring 14 percent protein off 16 at 5.85. Lower slaughter and fund liquidation moved live cattle lower. Export concerns weighed on the market as South Korea rejected a third U.S beef shipment. In all, weaker demand and expectations of lower sales around holiday season led to the softening of live cattle. December contracts were down 15 cents at 86.35. February live cattle down .15 at 89.42 January feeders 99.07, a gain of 87. January Class III milk at Chicago up .15 at 13.24 I'm Bill Scott in for Bob Hoff, that's Marketline on the Northwest Ag Information Network. Now this.