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Corn Markets Lose Overnight Gains

Corn Markets Lose Overnight Gains

Corn markets moved higher overnight as ethanol prices rallied, but have given back those gains at midday (audio)

December ethanol opened at $2.15 this morning to support overnight gains in corn, but both have since moved into negative territory as the day moves on. January soybeans have moved back over the $13 mark as China purchased another 4.2 million bushels of 2013 crop. The southeast third of the Corn Belt should see some weather today and tomorrow before good harvest weather sets in for the Midwest through the end of next week.

Farm Futures Market Analyst Paul Burgener reports on morning grain trade. Listen to him using the audio player on this page.

Corn markets moved higher overnight as ethanol prices rallied, but have given back those gains at midday.

Market Analyst Paul Burgener joined the Farm Futures team in November 2012 and brings a solid ag economics background. A former University of Nebraska Extension Ag Economist with training from the University of Wyoming, Burgener brings extensive experience to his new role. Most recently, he was involved in agricultural finance, and will offer that perspective through his comments and writing.

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