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The corn market is experiencing a decline, with contracts falling 3 to 4.5 cents at midday on Friday. The CmdtyView national average Cash Corn price is now at $3.71 1/4, down 4.5 cents.
This downturn is influenced by significant losses in the soybean market following a post by President Trump, along with outside pressure from a $2.55 drop in crude oil prices. Specific corn prices include Dec 25 at $4.13 3/4, Mar 26 at $4.29 1/2, and May 26 at $4.39, all reflecting similar decreases.
Harvest activities are expected to continue over the next week, particularly in regions south of I-90, though rainfall is forecasted to be limited to 1-2 inches in parts of North Dakota and northern Minnesota.
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