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Barchart
Barchart
Austin Schroeder

Corn Gets a Dead Cat Bounce on Monday

USDA CmdtyView

Corn futures posted steady to fractionally higher trade in deferred contracts on Monday, with front months posting 2 ½ to 3 ¼ cent gains for a dead cat bounce following the sharp Friday USDA-led losses. The CmdtyView national average Cash Corn price was up 3 1/2 cents at $4.41 1/2. Bulls were battling back after USDA added another 234 mbu of unexpected production on Friday.

The harvest price for Crop Insurance is discovered during October, with the average December close so far at $4.96.

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