ADM Investor Services said, “Prices were $.01-$.05 lower today with old crop futures the leader to the downside. Spreads also weakened. After briefly trading to a fresh 6-week high, July-25 backed off ending a run of 7 consecutive higher closes.” John Heinberg at Total Farm Marketing, “Brazil’s second corn crop outlook continues to improve, supported by favorable weather and increased precipitation potential. CONAB recently raised production estimates, and trends remain positive as the growing season advances.” The Hightower Report said, “The U.S. dollar remains lower and stochastics on July corn is well into overbought territory and suggests prices may pull back. Pullbacks in a demand-led market typically uncover good support as global buyers look for bargains.”