corn contract: December wheat delivery surged by 26.25 cents weekly, or 6.65 percent, to 3.9475 dollars per bushel, according to Xinhua China. November soybeans rose 5.75 cents weekly, or 0.6 percent, to 9.625 dollars per bushel. The most active corn contract for December delivery added 14.5 cents weekly, or 4.27 percent, to 3.5425 dollars per bushel. Corn futures rallied to new 3-month highs this past week. And moving forward, the market focus will shift more and more to demand, and traders note that ethanol margins remain stout, and that US Gulf corn is easily the world' s low cost origin into early 2017. The October WASDE has come and gone, and as expected yield was lowered slightly and demand was raised slightly.
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