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On Wednesday, the corn market experienced gains of 4 to 5 cents across most contracts. The CmdtyView national average cash corn price rose by 4¾ cents to $3.75¼. December corn is trading at $4.17¾, while March corn is at $4.33½, and May corn sits at $4.42¼.
Taiwan secured 65,000 metric tons (MT) of corn from the U.S., and two South Korean importers purchased a total of 269,000 MT in private tenders. Additionally, the EIA data release will be postponed to Thursday due to the Monday holiday, with expectations of a rebound in ethanol output.
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