The corn market saw Tuesday gains of 2 to 3 cents across most contracts at the close. The CmdtyView national average Cash Corn price was up 2 3/4 cents at $3.92 3/4.
Ahead of the expected USDA Crop Production report on Friday, a Reuters poll of analysts showed corn yield expected to drop 2.7 bpa to 184 bpa, as production is seen at 16.557 bbu, a 257 mbu drop from the September report if realized.
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ANEC estimates the November Brazilian corn export total at 6.04 MMT, a 0.47 MMT increase over the previous estimate
Taiwan importers issued a tender for 65,000 MT of corn in a tender that closes on Thursday.
Dec 25 Corn closed at $4.32, up 2 1/4 cents,
Nearby Cash was $3.92 3/4, up 2 3/4 cents,
Mar 26 Corn closed at $4.47, up 2 1/2 cents,
May 26 Corn closed at $4.56, up 2 1/2 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
- Grains in Q3- Can the Price Weakness Continue?
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- Grain Bulls Are Showing Some Signs of Life. Here’s What to Watch Next.
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