Corn Watch: CBOT Corn Called Mixed.

Resource News International, October, 2004

Winnipeg, MB, Oct 25, 2004 (Resource News International via COMTEX)

Corn futures at the Chicago Board of Trade (CBOT) are seen starting Monday's session mixed. December corn is expected to stay within its most recent trading ranges amid a lack of fresh news Monday. However, traders warned that the massive U.S. corn crop continues to be a bearish price influence, and could push prices lower.

The CBOT December corn future finished Friday's trading session down 2 1/2 cents at U.S.$2.01 3/4. Harvest pressure, technical weakness and a lack of fresh news pressured prices on Friday.

There was no significant corn export business reported overnight.

The market is growing concerned about the lack of storage space for the record 11.5 billion...

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