Corn Heads Lower into the Weekend

Market Overview - The corn market experienced a decline in contracts, with prices down 1 to 4 ¾ cents on Friday. December corn was up just ¾ cent for the week [1] - The CmdtyView national average Cash Corn price decreased by 4 ½ cents, settling at $3.83 3/4 [1] - The average December close in October is currently $4.20, which is 50 cents lower than the February price and slightly above last year's harvest price of $4.16 [1] Trade Relations - President Trump announced the termination of trade talks with Canada due to unauthorized use of a former President Reagan speech regarding tariffs, with no details on potential resumption of talks [2] - Canada has been a significant buyer of US ethanol, indicating potential implications for the ethanol market [2] Crop Estimates - Argentina's corn crop is estimated to be at 33.8%, reflecting an increase of 3.9% from the previous week according to the Buenos Aires Grain Exchange [2]