Comment: Market awaits verdict on grain outlook

By Katy Askew | 10 July 2012

The futures market for grain products, particularly corn and soybean, retreated from record highs today (10 July) after a two-week run that one analyst described as "breathtaking". However, rather than signifying the return of stability to the market, it seems likely that traders are catching their breath as they await the USDA's monthly crop estimates.

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The futures market for grain products, particularly corn and soybean, retreated from record highs today (10 July) after a two-week run that one analyst described as "breathtaking". However, rather than signifying the return of stability to the market, it seems likely that traders are catching their breath as they await the USDA's monthly crop estimates.

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