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Corn futures closed 3 cents lower on the day. The front month Sept 14 contract traded up to $3.67 but closed near the lows at $3.60. Relatively dry weather over the past week from North Dakota through Indiana with a dry forecast brought some support to the market earlier this morning, but corn futures lost ground due in part to the sharp rally in the dollar today. Soil moisture in the affected area is thought to be mostly adequate for now, but there is some threat to crops with shallow root structure as it diminishes.
Sep 14 Corn closed at $3.60 1/4, down 3 3/4 cents,
Dec 14 Corn closed at $3.68 1/4, down 3 3/4 cents,