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CHICAGO: Chicago Board of Trade corn futures ended narrowly mixed on Wednesday, with front months supported by a slower-than-expected US harvest pace and fresh export demand, traders said.

* CBOT December corn settled up 1/2 cent at $3.67 per bushel and held above chart support at its 50-day moving average near $3.65.

* Strength in CBOT soybean futures lent support while weakness in CBOT wheat kept corn futures anchored.

* The US Department of Agriculture said private exporters sold 212,000 tonnes of US corn to Mexico for delivery in the 2018/19 marketing year that began Sept. 1.

* The USDA late Tuesday said the US corn harvest was 84 percent complete, lagging the average trade estimate of 87 percent and the five-year average of 87 percent.

* Taiwan's feed industry procurement association MFIG purchased about 62,000 tonnes of corn, to be sourced from the United States or Brazil in an international tender on Wednesday, European traders said.

Copyright Reuters, 2018
 

 

 

 

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