US MIDDAY: corn weakens

12 Jul, 2008

July corn was down 7-1/4 cents at $6.68 per bushel, new-crop December was down 6-1/4 at $6.98. Turned down after higher open as crude oil eased from new record high; lack of follow-through buying. Favourable US crop weather adds pressure. Bearish impact from USDA's July supply/demand report released early on Friday.

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