Corn rises ahead of USDA supply and demand report
- CBOT corn Cv1 futures ticked higher on Thursday, with prices recovering as market players awaited Friday's closely watched U.S. Department of Agriculture supply and demand report.
- The USDA report is being seen as a gauge of the impact of hot, dry weather on the U.S. corn crop.
- The eastern Midwest will trend drier in the coming weeks, aiding the harvest, according to forecaster Commodity Weather Group.
- The USDA reported net weekly export sales of corn for the week ended August 27 at 1,156,800 metric tons.
- CBOT December corn CZ26 was last up 4-1/4 cents to $5.32 per bushel.
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