date:Jul 11, 2012
Corn futures led the declines, as market participants sold futures to exit long positions, reducing risk ahead of key government crop reports.
Investors also took some profits off the table after the recent rally in futures. Corn and soybean futures had previously rallied by 29% and 20% respectively in the last three weeks, due to worries about declining yield and supply potential resulting from the worst Midwest drought since 1988.
A general lack of fresh news failed to provide a fresh spark to