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المشهد العربي
U.S. corn futures hit three-year low
A significant decline in American corn prices occurred during Friday's trading session, marking the largest loss in three years. This came after the U.S. Department of Agriculture raised its crop production estimates to 16 billion bushels, surpassing market expectations. As a result, corn futures fell by 30 cents, approximately 6%, pushing the price per bushel to the lowest level since August 11. However, the losses were later reduced, and the market closed down by 5.35%.
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