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Corn Market 2 to 7 Higher
BRUG - Fri Dec 13, 7:33AM CST

Corn starts the last session of the week with gains of 2 to 7 cents per bushel. Expiring December is up the most in thin trading conditions. Futures climbed 5 3/4 to 6 cents on Thursday. December futures expire today. The 1.6 MMT (63 million bushels) sale of corn to Mexico was the main reason for the rally yesterday. That’s the 5th largest daily sale of corn on record and will go into next week’s Export Sales report. Hopes that the possible China deal will include corn or ethanol are also buoying prices. Export bookings for the week ending 12/05 were above what traders had anticipated with the USDA reporting 873,525 MT. Shipments through the same week were 531,371 MT, which was 7.4% above Thanksgiving week, but still 44.19% below the same week last year. Accumulated shipments hit 6.876 MMT through the first 14 weeks of the MY.

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