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Corn bulls need a close above $4.25 to negate a potential bear-flag on the daily bar chart.
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Grains favored the upside overnight but continue to trade near recent lows.
New World screwworm update
Corn makes a mild gain while soybeans slip
Bill Watts and Lane Akre discuss a weather-induced grain market selloff and this week’s WASDE report; Spencer Langford on the market implications of New World screwworm.
Corrective bounces in outside markets did little to support the ag complex.