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The corn market faced downward pressure on Friday, with contracts closing down 4 to 5 ¼ cents. December corn futures were 6 cents lower for the week, closing at $4.13. The CmdtyView national average cash corn price also dropped by 5 cents, now at $3.71 3/4.
Market influences included losses in soybean futures attributed to President Trump’s tariff threats, expected to start on November 2, and a $3.31 decline in crude oil prices. The Buenos Aires Grain Exchange reports that 26% of the Argentina corn crop is currently planted.
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