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Grains look to follow through on a strong finish last week, with activity likely to increase this week following Monday releases of the Crop Progress report and traders positions data, and leading into the Friday crop production and WASDE reports. In the Headlines September corn futures held onto a gain of 3 cents last week. August beans were up 32 3/4. September Chicago wheat futures were up 17 cents. Sep KC wheat futures were higher by 12 3/4 cents. August live cattle closed the week higher by $1 while August feeders were up $2.17. August lean hogs were down 32 cents. The short holiday week was very lightly traded. Friday’s total corn volume was about 230,000 contracts versus almost 862,000 contracts traded on the June 28 report day. This week’s volume should grow approaching the next crop report coming on Friday. Open interest has been relatively flat over the last month or so while it is being watched for what changes in open interest say about items like the attitude of the speculator and the flows of farmer selling. July 12 will feature the next crop production and WASDE reports. The crop production update will provide new yield estimates for…

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