The corn market closed with gains of 2 to 3 cents on Tuesday, with the national average Cash Corn price at $3.92 3/4. Analysts predict a drop in corn yield to 184 bpa in the upcoming USDA Crop Production report, with production expected to be 16.557 bbu.
ANEC estimates Brazilian corn exports in November at 6.04 MMT, an increase of 0.47 MMT from previous estimates. Taiwan importers have issued a tender for 65,000 MT of corn closing on Thursday. Prices for Dec 25 Corn closed at $4.32, Nearby Cash at $3.92 3/4, Mar 26 Corn at $4.47, and May 26 Corn at $4.56.
Read more at Yahoo Finance: Corn Bulls Push Higher on Tuesday
