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Traders make hay on corn rally

Corn futures suffered their sharpest drop in almost three weeks on Wednesday as traders moved to lock in profits following a powerful rally that had pushed speculative positioning to its highest level…

  • Corn futures dropped 1.8% on Wednesday, most in nearly three weeks
  • Wheat and soybeans also declined as investors adjusted positions
  • Geopolitical concerns, weather, and crop yield fears drove market retreat

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