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CBOT corn finishes higher on US election positioning



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CHICAGO, Nov 5 (Reuters) -Chicago Board of Trade corn futures advanced on Tuesday as traders adjusted positions while waiting for results of the U.S. presidential election.

  • Proposed tariffs from Republican candidate Donald Trump are a focus for grain traders, as they could disrupt U.S. agricultural trade. Trump's first term featured a trade war with China.

  • Solid export demand for U.S. corn has underpinned futures prices ahead of the election.

  • Exporters sold 124,000 metric tons of U.S. corn to unknown buyers, the U.S. Department of Agriculture said in a daily reporting system.

  • The department, in a monthly report on Friday, is expected to keep its 2024-25 U.S. corn production and yield estimates largely unchanged from October, according to a Reuters survey of analysts.

  • U.S. corn ending stocks for 2024-25 are estimated at 1.946 billion bushels, compared to 1.999 billion a month ago, the survey showed.

  • CBOT most-active December corn CZ24 was 2 cents higher at $4.18-1/2 per bushel at the end of trading.




Reporting by Tom Polansek; Editing by Paul Simao

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