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Ag markets ended the day mostly lower

Led by the front-month contract, corn futures were pressured by profit selling actions Monday. Fundamentally, record production and flat export demand weighed on the corn market. Weekly corn export inspections were lower than trade expectations. USDA is expected to show US harvest progress at 94% complete in its last Crop Progress report. Weakening economic indicators for Japan, Europe and China added additional pressure. December corn futures lost 5.25 cent to close at $3.675/bushel Monday, while May was down 5.00 cents to $3.8925.


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