Corn Prices Decline Amid Weak Export Sales and Global Production Outlook
At midday on Thursday, corn prices fell by 5 to 8 cents as ag commodity markets declined. The USDA's weekly export sales report showed weaker-than-expected old crop exports at 314,962 MT for the week of July 9, below trade estimates and a marketing year low. Global production forecasts were also reduced due to adverse weather conditions.
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