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Corn Is Finding Its Own Footing
After struggling to find its footing this spring—even as crude surged above $100—the tables have turned. U.S. weather, two wars, a friendly June 30 report and a rapidly deteriorating French crop have pushed corn into new highs for the move even as crude remains well-below its spring peak.
European Production Under Fire
The French crop disaster is no longer just a European story. MATIF corn has surged to contract highs near $7.10 per bushel (€260), opening a roughly $2.70 premium over CBOT as traders continue to cut EU production estimates.
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