Grain Prices Fizzle on Profit-Taking Before Weekend

As if typical prior to the weekend, many funds are liquidating their trades and taking profits, leading to mild price weakness. While grains are down somewhat, there has been no full-scale sell-off. This suggests to me that prices will remain fairly well-supported going into next week. Weather has been a bit too dry for good crop yields this week, which has also supported prices. We will all be watching the weather over the weekend for clues to trading next week!