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“The USDA raised the estimate for Argentina corn by 7 MMT to pull in line with market expectations of a record 60+ MMT crop. The USDA forecasted global corn carryout at 277.4 MMT, which is down 19 MMT from last year. Global corn stock-to-use is projected at a 14-year low,” Heinberg said.
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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. …
Austin Schroeder at Barchart.com said, “Corn price action is up 3 to 4 ¾ cents in the front months. Futures closed the Friday session with con…
“Prices were steady to $.01 higher in 2-sided trade. Spreads were mixed and little changed. Resistance for July-26 is at the recent double t…
“Yesterday’s Export Inspections report showed corn shipments at 2.028 mmt (79.84 mln bu.) for the week ending April 30, up 22.41% from the pri…
“Corn futures are trading higher to start the day and are likely boosted by big gains in wheat and higher crude oil,” Total Farm Marketing sai…
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