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Corn futures increased by 4 to 5 cents on Tuesday, following a bullish USDA report. The CmdtyView national average cash corn price rose by 4.5 cents, reaching $4.03½. The monthly WASDE report indicated a reduction of 125 million bushels in U.S. ending stocks, now totaling 2.029 billion bushels, attributed to higher exports.
Globally, world ending stocks for 2025/26 are projected at 279.15 million metric tons, showing a 2.19 million metric ton decrease from the previous month. The report also noted that Ukraine’s output dropped by 3 million metric tons. Additionally, South Korea purchased 132,000 metric tons of corn, while Brazil’s December corn exports are estimated at 6.3 million metric tons, an increase of 1.31 million metric tons from last week.
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