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“Corn bulls remain hopeful the Trump/Xi summit next week will result in China’s purchase of U.S. corn. Crop ratings in France fell to another new all-time low at only 23% G/E, well below the 62% YA. Harvest had reached 27% vs. only 5% pace from YA. The BAGE left their 25/26 Argentine production forecast unchanged at 64 mmt, vs. USDA 63 mmt. estimate,” Mark Soderberg of ADM Investor Services said.
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Austin Schroeder at Barchart.com said, “Corn prices are showing slight weakness on Monday morning, steady to a penny lower. Futures closed out…
“Incorporating updated acres and ratings along with ear population data my model suggests an average U.S. yield of 178.5 bpa with production a…
“Corn futures are mixed to start the day with December corn unchanged at $5.30-1/2 and March down 1/4 cent to $5.44-1/4,” Total Farm Marketing…
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