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U.S. corn and soybean futures declined on Monday, pressured by beneficial weekend rains in the Corn Belt and spillover weakness from outside commodity markets including crude oil and gold, analysts said. ....
Last week’s rainfall was more generous in the western U.S. Corn Belt than in the east, opposite from the general trend so far this season, but prolonged dryness has forced some of the Crop Watch producers to trim yield expectations. ....