Corn rises but higher output estimates keep prices near contract lows

CANBERRA: Chicago corn futures rose slightly on Friday, but were down almost 2% over the week and near contract lows after larger estimates of US and Brazilian crops underscored how well-supplied the global market is.

Soybean futures steadied after profit-taking took the momentum out of a rally triggered by a downgrade to the US harvest outlook.

Wheat climbed after tracking corn lower during the week. Reuters

Tags: Corn

Corn rises but higher output estimates keep prices near contract lows

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