Corn futures rounded out Tuesday commerce with the entrance months down as a lot as 2 cents, as contracts pulled again from some technical stress. The CmdtyView nationwide common Money Corn worth was at $3.77 at right this moment’s shut. The typical shut for December futures up to now this month has been $4.20. The entire month common worth is used to find out the harvest worth for crop insurance coverage.
EIA knowledge can be launched on Wednesday morning, with some merchants trying to see if ethanol manufacturing rebounds from the drop final week.
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Regardless of the federal government shutdown probably suspending the Thursday Crop Manufacturing report, a Reuters survey exhibits analysts estimating yield at 185 bpa, down 1.7 bpa from September.
Dec 25 Corn closed at $4.19 3/4, down 2 cents,
Close by Money was $3.77, up 1 cent,
Mar 26 Corn closed at $4.36 1/4, down 2 cents,
Might 26 Corn closed at $4.45 1/4, down 2 cents,
On the date of publication,
Austin Schroeder
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