Commodities
Corn Prices Rebound on Bounce, Strong Brazil Forecast
The corn futures market saw a solid corrective bounce following recent losses. The price action rose 8 1/2 cents to $4.72 1/2, near the daily high and hit a three-week low early on.
The USDA reported weekly U.S. corn inspections totaled 1.885 MMT during the week ended July 30, up 351,421 MT from the previous week. Net inspections were within analysts' pre-report range of 1.2 to 1.95 MMT.
AgRural raised its forecast for Brazil's 2025-26 corn production to 142.8 MMT, up from its previous estimate of 139.9 MMT in June.