Outside corn markets look somewhat positive with a weaker US dollar and strength in equity markets. Dryness in parts of eastern Iowa, western and central Illinois and scattered other locations helped to support the market overnight, as did with positive outside market forces.
With crops in Illinois rated 50% good to excellent as compared with 64% last year, traders are questioning the USDA Illinois yield estimate in Thursday's report at 170 bushels per acre vs. 157 yield last year. Traders see a 1% decline in crops rated good to excellent for this afternoon's update, CME said.
As seen on marketwatchonline.com
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