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Corn futures at the Monday midday are up 1 to 3 cents, after being as much as 7 3/4 cents higher earlier in the session. A dry pocket is developing in parts of IA, IL and MO. Traders on average are looking for a 1-2% decline in US row crop condition ratings in tonight’s Crop Progress report. Per the USDA this morning, export inspections during the week ending last Thursday reached 1.451 MMT. This was an increase of 17.5% week over week, and 39.4% larger than the same week in 2015. YTD inspections as of June 23 were 33.875 MMT, down just 5.7% from 2014/15. The CFTC report after the close on Friday showed managed money reduced their net long position during the week ending June 21 to 224,827 contracts. This was a week over week reduction to the position of 27,468 contracts.