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NewsSignals AI analysis·Reuters·

Corn basis bids rise, USDA reports export sales

Grade Bbullish AI signal$CORN$ZC
US corn basis bids at the Gulf Coast rose on Friday as export demand strengthened, signaling firmer near-term demand for American corn.

Bullish strength: 82/100

  • October Gulf corn barge bids rose 5 cents to 85 cents over December CBOT futures.
  • USDA reported 116,000 metric tons of US corn sold to unknown destinations for 2026/27 delivery.
  • South Korea's Feed Leaders Committee purchased around 65,000 metric tons of feed corn in a private deal.

Bearish strength: 18/100

  • The destination of the 116,000 metric ton export sale remains undisclosed.
  • November Gulf corn export premiums remained steady at around 98 cents over futures, indicating no further premium increase.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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