Summary: Good wheat harvest yields along with rain in the current and extended forecasts sent many bulls to the exits as the corn crop entered pollination. For the holiday-shortened week, September wheat dropped 38 cents while the nearby corn contract plummeted 63 cents or more than 10 percent. If rain makes grain, precipitation ends participation by those looking for long positions in the soy complex. For the week, the August contract dropped 54 cents. August meal decreased $27.40 per ton. December cotton improved 74 cents per hundredweight.
