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On Friday, corn futures experienced losses, with December corn down ¾ cent to $4.37 and nearby cash corn at $3.99 ¾, also down 3 cents. The CmdtyView national average cash corn price is similarly down 3 cents.
The USDA is set to release a report on Export Sales data on Monday, with expectations for corn bookings between 1-2 million metric tons (MMT) for the week ending November 6. Additionally, the monthly WASDE report will be released on Tuesday, with analysts predicting U.S. corn ending stocks at 2.145 billion bushels, a 9 million bushel decrease from the previous report.
Brazil’s trade ministry reported November corn exports at 5.03 MMT, marking a 6.48% increase year-over-year but a 22.58% decrease month-over-month.
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