date:Jun 25, 2013
ad risen for four straight sessions.
Now, traders are booking profits after those gains, pushing prices back down.
Weather forecasts that appear favorable for corn crops overall are also pressuring corn. Shifts in forecasts overnight included greater rainfall in the eastern Corn Belt and less severe heat in parts of the Midwest.
The National Weather Service's six- to 10-day and eight- to 14-day outlooks still predict above-average temperatures across the Corn Belt. Its six- to 10-day outlook