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The corn market experienced gains on Friday, with December corn futures rising 1¼ cents to close at $4.31½. The CmdtyView national average Cash Corn price increased by ¼ cent, reaching $3.91¼, bolstered by strong performances in both wheat and soybeans. Over the week, December corn was up 8¼ cents, while the average close for December corn futures was projected to be $4.22, 6 cents higher than last year’s harvest price and 48 cents lower than the spring price.
In October, Ukraine’s corn exports plummeted to 0.8 MMT, down from 1.73 MMT the previous year, as reported by the economic minister. Meanwhile, the Buenos Aires Grain Exchange indicated that Argentina’s corn crop is currently 35% planted.
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