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Commodities

Corn, Soybean Futures See Profit-Taking Ahead of Weekend

Guavy AI Editorial Team
Instruments
Wheat
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Corn and soybean futures are seeing profit-taking ahead of the weekend on Friday, July 24, according to Farmer's Keeper Financial senior analyst John Zanker. December corn was down 7¾¢ at $4.79¾ per bushel, while November soybeans were down 1¼¢ at $12.42½ per bushel.

Wheat futures are carving out some gains, Zanker said, with September CBOT wheat down 33¾¢ at $6.62½ per bushel and September Kansas City wheat 33¾¢ weaker at $7.26 per bushel. October live cattle were up $1.55 at $222.92 per hundredweight (cwt), while September feeder cattle increased $4.47 at $344.32 per cwt.

Zanker predicted that the market might see some weather forecast adjustments over the weekend, which could impact prices on Monday.

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