CHICAGO: Chicago Board of Trade corn futures rose for the fourth time in five sessions on Monday on signs of robust export demand, traders said.
Prices remained below the 14-month top reached on Friday.
A US Agriculture Department report showed that weekly corn export inspections totaled a bigger-than-expected 911,012 tonnes, up from 838,849 tonnes the prior week. Analysts' forecasts had ranged from 650,000 tonnes to 900,000 tonnes. Private exporters reported sales of 345,000 tonnes of US corn to unknown destinations and 123,000 tonnes of US corn to Mexico for delivery in the 2020/21 marketing year, USDA said. Analysts were expecting the USDA report on Monday afternoon to show that US corn harvest was 57% complete as of Oct. 18, up 16 percentage points from a week earlier.
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