Corn Retreating Early on Monday

Corn futures experienced weakness early in the trading session, with losses of 12 to 14 cents driven by an improving weather outlook and a $6.07 decline in crude oil prices. While initial weakness was substantial, front-month contracts staged a partial recovery, pulling more than 8 cents off their lows before the close. September contracts closed fractionally mixed, ending the day up 19 1/2 cents for the week, while December contracts finished unchanged but were up 20 cents on a weekly basis.
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