By Kirk Maltais — Corn for July delivery fell 1.5% to $4.18 a bushel on the Chicago Board of Trade Friday, with traders cutting their exposure in long grain futures amid an uncertain peace process in the U.S.-Iran war and solid weather in U.S. growing areas. — Soybeans for July delivery fell 0.6% to $11.22 1/4 a bushel. — Wheat for July delivery fell 0.3% to $5.81 1/4 a bushel. HIGHLIGHTS Paring Risk: Grain traders continued to reduce their exposure to futures Friday, with risk premium covering developments in the U.S.-Iran war being removed while the outlook for threatening weather…
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