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Bids and offers look to be stacking up for a slightly softer start, at least for corn and soybean futures. Wheat futures closed the weak with a bearish tone, but sellers could be kept in check by dry weather persisting in Russia. In the Headlines Corn futures sold off last week with the July contract down 18 1/2 cents. July beans dropped 43 cents for the week. July Chicago wheat futures lost 18 3/4 cents last week and KC July was lower by 12 1/2. June live cattle finished last week down $2.15 while August feeders were down $3.82. June lean hogs were higher by 7 cents. A sharp break lower for international corn values has been led by prices in Argentina, where harvest has accelerated toward its halfway mark. Corn export prices in Argentina are about 2.5 percent lower than U.S. offers out of the Gulf, but the U.S. price is about 2.5 percent cheaper than Brazilian corn prices. As prices in Argentina fell last week, there was also news circulating about the Chinese government making the necessary approvals to import corn from Argentina. Along with cheaper corn from Argentina, a downturn for soybean prices in Brazil helped weigh…

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