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“Corn is trading lower this morning but is off its recent low of the year at $4.36-1/2,” Total Farm Marketing said. “Yesterday, futures were able to come off their lows for a higher close, and this morning, they are likely pressured by lower soybean and bean oil. Estimates for today’s export sales report see corn sales in a range between 1,200,000 and 2,100,000 tons with an average guess of 1,575,000 tons. This would compare to 1,681,000 last week and 870,000 a year ago at this time.”
