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Recent market trends show a significant decline in corn prices, with December corn hitting its lowest level since September 2021. July corn also broke February lows, while November beans traded at their lowest levels since 2021. Wheat prices have plummeted, erasing gains from the Russia rally.
📉New-crop CBOT #corn & #soybeans have both declined roughly 8% over the last four weeks, the largest losses for the period since 2018. That kind of move has been especially uncommon for beans. Both Dec corn and Nov beans are safely at four-year lows for the date. https://t.co/jsTvw3CRa8
Fresh lows in the grains after opening the day higher across the board. July corn broke the Feb lows, while Dec corn trades to lowest since 2021. Nov beans also trade to lowest levels since 2021. Wheat has now given back 100% of the Russia rally. Every cent. Today July corn… https://t.co/ZqfLxTC9rf
July Wheat falling off a cliff 🚨 Traded red for 8 consecutive trading days and 18 of the last 20 https://t.co/LeBO6gbd5F