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CBOT December corn settled up 1-1/4 cents at $3.40 1/2 a bushel on August 24 after Pro Farmer crop scouts found storm-battered fields in central Iowa. Exporters sold 405,000 tonnes of new-crop corn to China, and southern Minnesota conditions improved.
Iowa storm damage tightens expectations for the top corn state, while Chinese buying supports export demand. Together these point to firmer corn prices for feed buyers.
brecorder.comReutersAug 24, 2020Not 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.
