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Corn futures rose by 3 to 4 cents on Thursday, with the CmdtyView national average Cash Corn price at $3.76 1/4, an increase of 3 3/4 cents. The rise is attributed to general commodity strength influenced by President Trump’s recent statements.
Harvest activities are expected to slow in the Eastern Corn Belt (ECB) next week due to precipitation forecasted for parts of Nebraska, Iowa, and the Dakotas. Additionally, StoneX has reduced its estimate for U.S. corn yield to 185.9 bushels per acre (bpa), projecting a production total of 16.737 billion bushels.
Export sales data for the week ending September 25 was not released due to a government shutdown, but traders anticipated sales between 1.2 and 2.2 million metric tons.
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