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Corn Weakness Continuing on Thursday Morning

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Corn futures fell another 5 to 9 cents on Wednesday and were down 2 to 3 cents early Thursday, extending the recent slide to new lows for the move. July contract approached its contract low, while December corn hit its lowest level since February, signaling continued bearish price action in the grain market.

Analysis

Corn futures fell another 5 to 9 cents on Wednesday and were down 2 to 3 cents early Thursday, extending the recent slide to new lows for the move. July contract approached its contract low, while December corn hit its lowest level since February, signaling continued bearish price action in the grain market.

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