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Comments: Grain and soybean futures suffered a second straight week of losses under pressure from continued commodity fund selling spurred largely by technical weakness, improved weather in South America and large U.S.
corn/soybean production potential.
A strengthening dollar helped spur selling, while some funds and large banks continued to exit commodity markets due to poor returns and tighter government regulations.
Weak demand also continued to weigh heavily on corn futures.
A drop-off in weekly export sales added pressure on soybean prices, while rains in southern parts of the U.S.
HRW wheat belt put some fundamental pressure on wheat futures.
Livestock futures remained under pressure from demand concerns, with lean hog futures sliding to 7-month lows as wholesale pork prices continued to weaken.
Cattle futures erased early-week losses, however, amid ideas they were undervalued amid shrinking U.S.
cattle supplies.
Nearby cotton futures slid under pressure from the strengthening dollar and bear spreading spurred by a lower-than-expected U.S.
planting intentions estimate from the National Cotton Council.
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