Global news putting pressure on the grains

What started as a pullback due to better than expected planting progress escalated into a deeper pullback on news that China and Brazil came to terms on an export agreement for corn. Then you have rumblings that the UN may be making progress on a grain corridor out of Ukraine. Throw some better weather here in the US on top and you have a big pullback in grain prices. Corn is off 22 cents for the week and soybeans 34.25. You may be getting some early month-end liquidation with the long weekend to end the month. Watching 16.54 in July soybeans and 7.45 for July corn to start today. NFC Grain Comments Options -5.25.22

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