Grain markets discuss prospect of above-trend yields

Limit down trades were noted for corn today. The morning weather update added in good rains and even raised the prospect of slightly better than trend yields. There is still the overhang from recent biofuel news and Chinese import concerns. Options trading during limit down futures imply another 11 1/2 cent lower for the overnight session. The market held limit down even after the more-supportive noon maps were released.

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