Midsession slump….
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Inspections data disappointed grain traders. Corn futures continued last week’s late slide Sunday night, then dropped further when the weekly Export Inspections report was released. The result at 401,116 tonnes fell well short of industry expectations, thereby suggesting recent price strength has depressed demand. December corn futures slumped 5.0 cents at $3.7675/bushel late Monday morning, while May lost 5.0 to $3.9775.