CHICAGO (Commodity Online): US Corn futures end mixed as traders consolidate positions ahead of Thursday's USDA report.
Traders unwilling to take risks ahead of the report, to be released at 8:30 a.m. EST, as recent reports have been highly unpredictable.
Traders expecting the government will lower South America production and hike U.S. exports, but those shifts may already be priced into the market.
Traders say it may take a significant surprise to push the market out of its recent trading range.
CBOT Corn ends up 1/4c to $6.42 1/2 a bushel, other contracts slightly lower.
Courtesy: CME group