1. And while rising commodity prices pressured prices early in the session, a late retreat in crude oil helped ease some inflation concerns in the bond market. 2. A lack of demand also pressured prices. 3. A slump in the Treasury futures market also pressured prices. 4. But some prices were pressured on forecasts that called for the possibility of rain next week in hard red winter wheat growing areas. 5. But prices were pressured by profit-taking and speculation that a technical correction was due after the recent run-up. 6. Corn futures prices were pressured by expectations for good weekend growing weather, although investors were reluctant to sell ahead of the long Labor Day holiday weekend. 7. Expectations for rain in hard red winter wheat growing areas, where the crop is beginning to flower, pressured wheat prices. 8. Forecasts for precipitation soon in the Plains wheat region also pressured prices. 9. Forecasts for warmer temperatures in the Midwest this weekend and into early next week also pressured prices. 10. Forecasts for rain in corn-growing areas pressured prices for corn futures. |