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Corn futures concluded trading on Tuesday with front-month contracts decreasing by as much as 2 cents. The CmdtyView national average cash corn price stood at $3.77, while December futures recorded an average of $4.20 this month, which is used to set the harvest price for crop insurance.
Analysts predict an average yield of 185 bushels per acre (bpa) in a Reuters survey, down 1.7 bpa from September, despite the anticipated suspension of the Thursday Crop Production report due to a government shutdown.
Key closing prices included: December Corn at $4.19¾, March Corn at $4.36¼, and May Corn at $4.45¼, each down 2 cents.
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