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Corn Pit Dec '17 (CZ17)

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All Futures Contracts for [[ item.sessionDateDisplayLong ]]

Brugler report

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23 minutes ago
Corn futures are fractionally lower this morning. Most contracts settled steady to 2 1/4 cents higher on Tuesday. Traders are still keeping an eye on the Brazilian crop, and the dryness they’re experiencing. Most states in the Corn Belt are at or above their respective planting progress averages, with IA lagging normal pace by 2%. States along the Northern parts of the Corn Belt are behind normal pace for emergence. The national average basis at -34 cents is 2 3/4 cents stronger than a year ago. Argentina’s 18/19 crop is seen as rebounding to 40 MMT according to analysts with the country’s Maizar. They are still harvesting the 2017/18 crop at the moment. China customs confirmed April sorghum imports from all origins totaled 640,000 MT, with the YTD at 2.33 MMT. Corn imports were 380,000 MT for the month, bringing the 2018 total to 940,000 MT.
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