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The corn market closed on Monday, October 9, with contracts recording fractional to 2 ¼ cent losses. The CmdtyView national average Cash Corn price decreased by 2 ¼ cents to $3.69 1/2, while the December contract averaged a close of $4.18 since the beginning of October.
Due to the government shutdown coinciding with Columbus Day, the Export Inspections report was postponed to Tuesday. A Reuters survey estimates that 44% of the corn crop has been harvested. Additionally, AgRural reports that 45% of Brazil’s first corn crop has been planted, up from 41% at the same time last year.
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