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Prices for grains were slipping Monday as traders worried that excess rain would boost crop yields and lead to an oversupply in the market.
Corn contracts were lower by 1.5% at $3.76 a bushel, while those for wheat were off 0.6% at $6.02 a bushel.
"Corn's fall has some oomph behind it," says Tobin Gorey, a commodities strategist at Commonwealth Bank of Australia, in a daily research brief. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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|
-1.48%
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-1.72%
|
-1.73%
|
-1.46%
|
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