Markets question the size of corn and soybean yield declines.

Over four days November has fallen enough to test the first retracement level, 38.2% at 1283 ½. Yield risk perceptions have changed over the prior three days. Directly ahead we have two USDA reports, weather forecasts that are changing more actively, the government's revised forecast for July, First Notice Day for July futures then a July 4 holiday.

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