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downtrend |
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Further extension of the downtrend could force our hand on old-crop cash sales, as it could trigger an extended price decline. Harvest should continue to pick up steam, and, along with weaker export news, set the downtrend for the day with December corn closing down 5cents at $2. Perhaps USDA's June tightening of wheat and corn production and stocks, combined with a weaker dollar, will break their downtrends. |
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