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On the Grains Happy Summer Solstice! It’s hard to believe the days are already going to start getting shorter. Grains are recovering some in overnight trade after yesterday’s beat-down on better rain chances for the Eastern Corn Belt in the 8- 14-day outlook. It took December corn to the lowest close in three months and November beans to the lowest close in three years. The sell-off in wheat has been unrelenting after reports, despite lower Russian production forecasts, they’re back to their old ways of lowering bids until someone buys and had just lowered their export prices another $12 per tonne after telling the world two weeks ago they’d likely be raising their prices due to falling yield prospects. Overnight firmness, may be the result of weather forecast “whiplash.” That’s because yesterday afternoon the NWS issued its new 30-day outlook and it shows nearly the entire Corn Belt to be hotter and drier than normal. Further, the Climate Prediction Center issued its new long-term forecasts for July through September and sure enough, it portends a challenging growing season. Looking first at the 3-month temperature outlook, the whole country is going to stay hotter than normal except for the Pacific Coast…

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