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Corn Drops Most in Three Weeks as Profit-Taking Hits Grain Rally
Source: Bloomberg
Commodities & Raw MaterialsEnergy Markets & PricesNatural Disasters & WeatherGeopolitics & WarMarket Technicals & Flows
Corn futures slid the most in nearly three weeks, as profit-taking weighed on US grains after a weekslong rally. The prior run was driven by geopolitical and weather risk premiums, which appear to be easing marginally. Near-term pressure looks more technical/positioning than fundamental shock, but it likely keeps volatility elevated across US grains.
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