“Prices ranged from 1-2 cents lower in old crop to 3½ cents higher in new crop. Disappointing trade in old crop corn given the tighter than expect stocks,” Mark Soderberg of ADM Investor Services said. “New crop spreads firmed up a bit. Prices shot up to fresh session highs shortly after the release of the USDA reports however quickly backed off as favorable U.S. weather limits the upside.”
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