CZ is near 4.19. 4.17 is key MA support. Dalian corn futures were lower. Record weekly corn sales helped CZ test 4.24. US commit is up 34 pct vs ly and USDA est of unch and 2,325 mil bu. USDA announced 165 mt US corn to unknown and 227 mt US corn to Japan. US corn export prices are competitive vs Ukraine and South America. Brazil futures are higher. EU also has quality issues due to too much rain. Low water raising US logistic challenges and offering weakness to domestic basis. There may be some pre hedging before weekend.
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