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Grain prices drop ahead of the important WASDE report

2:03 PM June 11, 2019

Market participants await for publication of the monthly supply and demand report from the US Department of Agriculture. The report should show a significant decline of output and ending stocks estimates for corn due to rains and floods that affected growing areas at planting time. Corn is down around 0.80%, slightly below a key resistance zone of 440 cents per bushel.

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