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It will be another Monday where active planting progress over the weekend is weighed against a wet forecast for the rest of the week. It should ultimately lean bullish for the grains that the latest trader positions report showed there still being a considerable amount of short positions that could still be covered by the speculators. In the Headlines Corn futures finished lower last week with the July contract down 17 1/4 cents. July beans managed to hold onto gains of 9 cents for the week. July Chicago wheat futures dropped 12 1/4 cents last week and KC July was lower by 11 1/2. June live cattle finished last week up $4.90 while May feeders were up $7.92. June lean hogs were $1.40. Wheat futures faced pressure on Friday following the finish of the Kansas wheat tour, which led to the state’s yield being predicted at 46.5 bushel per acre versus USDA at 38. The yield estimate is harder to peg than usual this year because of wider variability in expectations for harvested acreage. Tensions are on the rise again with China after President Xi Jinping welcomed Vladimir Putin to Beijing last week for a meeting that produced agreements on…

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