Steady Corn Price Rally Follows Positive Export Sales Report Amid Revised Brazilian Production Estimates

Maize (Corn)

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Corn prices rallied steadily after the Export Sales report was released, but gains were modest as CONAB raising its Brazilian production estimate. The positive Export Sales report contributed to midday gains of 3 to 6 cents. Additionally, heavy rains are predicted in the upper Midwest, and very hot conditions are expected to develop in the Corn Belt as the month progresses.