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December corn futures rose 7 cents to $4.16 1/2 on short covering and spillover buying from strong gold, silver and crude prices. USDA reported another daily sale of 359,500 MT of corn to Mexico, and the US harvest was 65% complete versus a 52% five-year average.
Steady export sales and a fast harvest support near-term corn prices, though quick harvest progress limits upside and keeps feed grain supplies ample.
profarmer.comPro Farmer EditorsOct 22, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
