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On the Grains
Grains are all lower in overnight trade as markets are reading the short-term weather outlook bearishly. The new 6-10 day outlook issued yesterday shows the whole country to be warmer to much warmer than normal with Eastern Corn Belt temps likely 10-15 degrees above normal. However, they also show above to much above normal rainfall over two-thirds of the country so the trade is reading that as “near jungle-like” conditions now that most of the country’s soil moisture levels are adequate to surplus.

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