The corn market bounced higher overnight after incurring sharp losses yesterday following the release of the WASDE report. “Strength comes from renewed trade optimism, as well as poor weather in the Northern Plains,” says Michaela White, CHS Hedging.

Corn futures are trading 1 to 3 3/4 cents higher this morning, says Brugler Marketing noting the bounce back after USDA reports yesterday.

Yesterday markets were lower with the lack of any major adjustment to lower corn yields or harvested acreage plus uncertainty of demand, but today, outside markets are supportive of corn prices with a positive tilt on U.S.- China trade talks and with a boost from higher crude oil, says The Hightower Report.

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