Grain futures extended their losses, as the forecasts continued to push more moisture into the US Midwest, easing row-crop worries.
And wheat came under pressure as harvest condition improved in the US Plains.
The improving weather outlook encouraged a sell-off, despite some good US export numbers, in a market that has seen very heavy fund buying.
“Weather maps are driving price direction and the funds have certainly accumulated a belly full of length the last several weeks,” said Tregg Cronin, at Halo Commodities.
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