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July corn fell about 5 percent as bulls struggled to find a significant story. USDA reported 78 percent of the U.S. crop in good or excellent condition, above the five-year average, and summer forecasts showed no major hot, dry periods.
Weekly export sales were reported at 838 KMT of net sales for 2017/18.
Strong crop ratings and benign weather forecasts reduce supply risk, supporting bearish corn price pressure. Only Brazilian dryness offered modest support.
grains.orgJun 7, 2018grains.orgJun 7, 2018grains.orgJun 7, 2018Not 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.
