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Corn futures settled around 4 cents lower, due to poor export sales information and profit taking ahead of the Friday USDA reports. Dec15 corn (-4 1/2 cents) retreated for the second day in a row, after four consecutive days with gains. The weekly USDA Export Sales report showed net export sales of 466,600 MT during the week ending 10/1. Mexico was the biggest buyer (338,300 MT). Sales for the 15/16 crop declined by 30.5% from the previous week, and the 16/17 crop had net reductions of 53,050 MT. Current export commitments (sales and shipments) are only 72% of this time in 2014.
Dec 15 Corn closed at $3.91 1/4, down 4 1/2 cents,
Mar 16 Corn closed at $4.01 3/4, down 4 1/2 cents,