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U.S. Crop Tour Forecasts Above-Average Yields

Pro Farmer Midwest Crop Tour sees higher corn yields

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Chicago corn futures fell for the second session in a row on Wednesday, as estimates of higher yields by a crop tour in parts of the U.S. Midwest eased concerns over damage caused by a storm last week, reports Reuters.

Strong corn yield prospects found in Ohio and South Dakota by the Pro Farmer Midwest Crop Tour are adding pressure on prices.

Scouts also found above-average crop potential in parts of Nebraska and Indiana on Tuesday, but noted some soybean fields may need more rain to hit peak yields.

Corn prices climbed to their highest in more than one month as storm-damage in a key U.S. state underpinned values.

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