Corn:
Overnight strength followed crude oil higher before early session selling pressure hit the market.
Farmer selling remains active on rallies with ample bushels still unsold.
First new crop December sale executed at 473 representing a 15 percent position.
That price sits within four cents of the best forward opportunity of the past year.
Input cost conce…
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Midnight Rally, Morning Reality
Crude oil surged near 78 then faded. Grains reversed early weakness to mixed closes. New crop corn sale executed. Cattle rolling over. Key resistance forming in oil.
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