Farmers and elevators are selling corn this week after last week’s crop report, ADM Investor Services said, but corn futures are seeing increased open interest. “Some feel this could be linked in part to China buyers buying corn futures before they buy U.S. corn.”

Corn is dealing with favorable South American weather, helping weigh on prices, Ami L. Heesch of CHS Hedging said. “There is no guarantee that China will include corn and or ethanol in their shopping list of US ag products,” she said.

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