iNVEZZ.com Wednesday, July 17th: With concerns over U.S. crop prospects persisting, grain futures were little changed today. Prices shed some gains following the previous session’s sharp rally.
Corn remains in focus, as the US crop is entering the pollination period when drought and high-temperature stress can hurt the yield potential. “Market participants are concerned about a pollination problem,” Makiko Tsugata, an analyst at Market Risk Advisory in Tokyo, said in an e-mail to Bloomberg today.
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