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The Hightower Report said, “Traders did not get the yield cut on corn that was expected, and higher ending stocks prompted a downside reversal, shifting the edge to the bears. Gulf Coast and central and north-central Midwest yield fell from September, but were record high in Iowa, Illinois, Indiana, Wisconsin and South Dakota.” Matthew Lucas at Total Farm Marketing said, “Price action may remain under pressure from technical selling and potential spillover weakness from other grains this week due to the bearish report. However, a softer corn market could help improve U.S. export competitiveness and attract additional demand.”
