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Corn, Soybeans Close Higher Friday

Corn and soybeans closed higher Friday amid strong demand for U.S. supplies.

Exporters sold 2.09 million metric tons of soybeans in the week that ended October 22 for delivery in the current marketing year, up 19% from the prior four-week average, the Department of Agriculture said in a report yesterday. The government earlier this week reported sales of 120,000 metric tons of soybeans to China. 

Corn sales totaled 708,800 tons last week, up 34% from the average for the prior four weeks, the USDA said.

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Soybeans Close Almost 9¢ Lower Wednesday

Corn and soybeans fell Wednesday on speculation that farmers will wrap up the harvest earlier than normal thanks to persistent dry weather and amid some negative trade news.

Harvest pace is already ahead of the five-year average, the U.S. Department of Agriculture said in a Monday report. About 75% of the U.S. corn crop was harvested as of Sunday, topping the average of 68% for this week and well ahead of the 59% that was collected at this time a year ago.

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Corn, Soybeans Lower Due to Early Harvest

Corn and soybeans were lower at midday amid speculation that farmers will wrap up the harvest earlier than normal thanks to persistent dry weather and on a lack of export news to help futures move higher.

Harvest pace is already ahead of the five-year average, the U.S. Department of Agriculture said in a Monday report. About 75% of the U.S. corn crop was harvested as of Sunday, topping the average of 68% for this week and well ahead of the 59% that was collected at this time a year ago.

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