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On Tuesday, the corn market experienced gains of 2 to 3 cents, with the CmdtyView national average cash corn price rising 2.75 cents to $3.92 3/4 per bushel. A Reuters poll ahead of the USDA Crop Production report, scheduled for Friday, projected a corn yield decrease of 2.7 bushels per acre to 184 bushels per acre, resulting in an expected production of 16.557 billion bushels, a drop of 257 million bushels from September.
Additionally, ANEC estimated November Brazilian corn exports at 6.04 million metric tons, representing a 0.47 million metric ton increase from previous forecasts. Taiwan importers have also issued a tender for 65,000 metric tons of corn, with the tender closing on Thursday.
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