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USDA: Neb. corn harvest at 86 percent complete

15 November 2017

A total of 95 percent of the USA winter wheat crop is planted with 54 percent of the crop rated Good or Excellent, down 1 percent from the prior week.

Wheat fell in technical moves amid a lack of news, and corn fell but the lead December contract stayed in a narrow trading range, holding above last week's contract low level.

More than half of winter wheat is in poor or very poor condition. Market underpinned by the fact that commodity funds hold a large net short position in CBOT corn futures.

CBOT December corn last traded down 1-1/4 cent at $3.42-1/4 per bushel.

The USDA said private exporters sold 135,000 tonnes of US soymeal to the Philippines for delivery in the 2017/18 marketing year, which began October 1. Rallies capped by forecasts for welcome rains this week in crop areas of Brazil. Corn late last week hit its lowest in a year at $3.40-3/4 a bushel. January soybeans dropped 12.75 cents, or 1.29 percent to 9.7425 dollars per bushel.

USDA: Neb. corn harvest at 86 percent complete