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Nov. 9, 2021, 12:42 p.m. EST

Corn futures eye first gain in 6 sessions

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By Myra P. Saefong

Corn futures climbed on Tuesday, on track to post their first gain in six sessions. In a monthly report , the U.S. Department of Agriculture lowered its forecast for U.S. corn ending stocks for the 2021/2022 marketing year by 7 million bushels from the October estimate, to 1.49 billion bushels. It also lifted its forecast for corn used for ethanol by 50 million bushels to 5.25 billion bushels. The most-active December corn contract was up 6 1/4 cents, or 1.1%, at $5.57 3/4 a bushel after posting five straight session declines.

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