Eddyville

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Market Commentary    

Both December and March corn futures closed today's session down 3 cents; bringing them to $5.27 ½ and $5.41 ½. Record longs and harvest pressure led to today being the third straight red session for corn. By the end of this week, U.S. corn harvest is likely to surpass the 10 percent mark (look to Mondays upcoming Crop Progress Report). Nov soybeans fell 16 ¼ cent today and January ‘27 closed 17 cents lower. Traders continue to await the upcoming meeting between President Trump and Xi. Dec KC wheat declined 10 ¾ cents today (Chicago and MPLS wheat also red). KC wheat has traded lower 8 of the past 12 sessions.