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It would appear that the longs in the grain and soy markets have finally become impatient or bored or maybe some combination of both and have decided to head for the theater exits. By no means it this a stampede but unless someone begins to run a new feature presentation that can grab their interest once again, some at least will be gone in search of something that holds more promise. If we were to close right now, for the week, nearby corn would be around 3-cents lower, and at the lowest point since the beginning of April, beans would have lost 24-cents and wheat down 4-cents. Certainly not dramatic moves in any of these markets but leaves us in a state of commodity purgatory for a bit longer. All that said, weather concerns/risk is just around the corner.
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