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December corn lost 13.25 cents for the week amid heavy fund selling, and soybeans also declined for a second week. Crop planting is nearly complete with non-threatening forecasts and near-record condition ratings.
Corn export commitments reached 98 percent of the USDA projection, and soybean commitments were at 99 percent.
Strong crop ratings and near-complete export commitments limit upside, while trade war concerns add pressure to soybeans. Lower prices may support export demand.
kdhlradio.comJerry GroskreutzJun 11, 2018Not 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.
Heavy fund selling, near-record crop conditions and non-threatening forecasts show sustained bearish momentum carrying into June 11.
