Corn futures closed higher on Thursday, with contracts up 3 to 4 ½ cents. First notice day for September is on Friday. The national average Cash Corn price was up 1 3/4 cents at $3.66 1/4. USDA Export Sales data showed net reductions of 17,797 MT in the week ending August 21, with new crop business totaling 2.089 MMT. Canadian corn production is estimated to be 15.55 MMT, a 1.5% increase from last year. Sep 25 Corn closed at $3.85 1/2, up 3 cents, and Dec 25 Corn closed at $4.10, up 4 cents.
Read more at Yahoo Finance: Corn Closes Thursday with Gains as Export Business Remains Stout
