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GRAINS-Rain pushes corn to 12% weekly drop

7/9/2021 Soybeans, wheat hesitant as dry northern U.S. still a concern Grain markets cautious before Monday s USDA supply/demand report (Updates closing prices, adds weekly changes) By Christopher Walljasper CHICAGO, July 9 (Reuters) - Chicago corn futures dipped on Friday, losing 12% for the week as rain and moderate temperatures were expected to boost U.S. Midwest crops. Wheat followed lower, but was propped up by drier conditions across the Northern U.S. Plains, while soybeans inched higher on long-term forecasts returning to hot, dry weather. The most-active corn contract on the Chicago Board of Trade (CBOT) lost 6-3/4 cents to $5.17 per bushel, dropping 12.22% for the week, its biggest

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