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“Corn futures are trading higher again this morning and is nearing the top of its recent range of $4.85 for July,” Total Farm Marketing said. “July corn is up 3/4 cent to $4.80-3/4 while December is up 3/4 cent to $5.02-3/4… Estimates for the weekly EIA report for the week ending May 8 see ethanol production higher than the previous week at 1.042 mln barrels per day.”
