Grains retreat amid pre-crop report profit-taking
date:Jul 11, 2012
tory projections could fuel worries about low supplies, while any forecast that strays from expectations could cause volatile price swings Wednesday.
Yet, after the report it will be all about weather again, Mr. Henderson said.
Weather remains a threat to yield potential across the Corn Belt, but after a sharp rally, many traders saw weather as already factored into values.
The U.S. Corn Belt is clearly still in a pattern of above normal temperatures and below normal rainfall, said Mike Palmerin
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