Morning CME Globex Update:July corn is down 1 3/4 cents, July soybeans are down 3 cents, and July Chicago wheat is down 1 1/2 cents. At 8 a.m., USDA announced that 121,400 metric tons (4.8 mb) of U.S. corn were sold to unknown destinations for 2014-15. Before the announcement, all three grains were lower early Friday with light scattered showers on Friday's weather map adding to a generally favorable string of spring weather. One concern this year has been the wet Ohio Valley where more rain is expected this weekend.
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