Corn Struggles Under Chinese Cancellations

Selling continued from last week. July is now 10 1/2 cents away from testing its March lows. December was even worse with another new low for this downtrend posted. Additionally, the December broke those prior lows from last July by 1/4 cent before lightly rebounding. China actually cancelled old crop today. This is an extra concern past poor sales to our core buyers and an expectation for a good planting pace.

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