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Corn

Corn

IHS Markit estimates the 2022 corn acreage at 92.374 million acres, compared to 93.304 million acres in 2021. Yield projection is at 181.0 bushels per acre and production at 15.213 billion bushels, according to Ami Heesch of CHS Hedging.

Corn harvest is 52% done vs. 41% average and corn prices are up for the fourth straight day with a very positive ethanol market, said Steve Freed of ADM Investor Services.

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