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“Corn futures are sharply lower this morning as spillover weakness from energy markets pressures the grain complex,” Total Farm Marketing said. “July corn is down 10-1/2 cents at $4.69-1/2, while December futures are 11 cents lower at $4.89-1/2… The development (peace talks with Iran) pressured energy markets sharply lower, weighing on grains through the biofuels channel and reducing some of the geopolitical risk premium built into commodity markets.”
