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5.2

USDA raises US corn harvest estimate; corn futures drop 4%

USDA unexpectedly increased its US corn harvest estimate, the world's largest producer, contrary to operator expectations of a lower figure. Corn futures fell 4%, with wheat also declining, reflecting a supply-driven bearish shift in grain markets.

Clarín1 day agoUSCredibility 36%View source

Score Breakdown

Mosaic Score5.2
Model confidence0.7
Significance0.5
Source credibility0.4

Intelligence Tags

#agriculture#corn#usda#commodities#futures

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