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Corn futures closed 3 to 4 1/4 cents higher on Friday, with May16 corn down 14 1/4 cents on the week. Concerns with the Brazilian safrinha crop continue to support US prices, as AgRural reduced its production estimate from 54.6 MMT to 48.9 MMT. Updated USDA figures will be published next Tuesday. Managed money held a net long position in corn futures and options of 71,032 contracts as of the close on Tuesday, per the CFTC this afternoon. Private exporters reported to the USDA that 132,000 MT of US corn was sold to Israel this morning for 2015/16 delivery. UkrAgroConsult reported that Russian corn export prices were $1-$2 higher last week to $190-$195/ton. Canadian wheat stocks as of March 31 totaled 7.8 MMT, up 23.4% from March 31, 2015.