From Successful Farming, June 24:
Selllers are controlling the markets
On Thursday, the CME Group's farm markets sink.
In early trading, the July corn futures are 9 1/2¢ lower at $6.54. New crop September futures are 15 1/4¢ lower at $5.35. December corn futures are 16¢ lower at $5.19 3/4.
July soybean futures are 27¢ lower at $13.57.August soybean futures are 29 1/4¢ lower at $13.16. New crop November soybean futures ended 27¢ lower at $12.73 3/4....
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And:
1. Soybeans and Grains Decline in Overnight Trading
Soybeans and grains dropped in overnight trading on forecasts for more wet weather in parts of the U.S. Corn Belt.
Rainfall has been near expectations this week, favoring southern Missouri, southern Illinois and northern Indiana, said Donald Keeney, agricultural meteorologist with Maxar.
Precipitation is expected in parts of Kansas and Missouri and in Indiana and Michigan today, according to the National Weather Service.
Keeney said in a report that rains in west-central and north-central areas of the Corn Belt should improve soil moisture and soybean and corn conditions....
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