Corn Watch: CBOT Corn Called Flat to 1/2 U.S. Cent Higher.

Resource News International, November, 2004

Winnipeg, MB, Nov 02, 2004 (Resource News International via COMTEX)

Corn futures at the Chicago Board of Trade (CBOT) are seen starting Tuesday's session flat to 1/2 U.S. cent higher. Several factors, including fresh corn exports to South Korea and a mild bounce following Monday's lower close, were expected to support the market at the open. Activity may be quiet due to the attention being paid to the U.S. Presidential election.

The CBOT December corn future finished Monday's trading session down 2 1/4 U.S. cents at U.S.$2.00. News that the massive U.S. corn harvest is nearing completion weighed on prices Monday.

A lack of farmer selling and continued wet weather across regions of the U.S. Corn Belt were also seen as supportive factors...

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