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July corn fell to new contract lows, and July soybeans traded at their lowest spot prices since December 2008. Large speculators remain heavily short corn, and downtrends are seen across corn, wheat and soybeans.
Technical breakdowns and heavy fund selling reflect bearish market momentum, with limited near-term support for corn and soybean prices.
dtnpf.comTregg Cronin DTN Contributing AnalystMay 13, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
