DTN Closing Grain Comments 06/18 13:58
Corn, Wheat Rally Stalls; Soybeans Finish Little Changed
Wheat and corn fell on Tuesday in a correction of the rally that began in
mid-May. Better than expected conditions on wheat, impressive early yield data
and a warmer and drier late June outlook sent that market lower. With corn
planting advancing to 92% done, uncertainty over the accuracy of that number
and increased prevented planting estimates led to two-sided corn trade, while
recent gains have priced U.S. corn out of world markets.
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