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Corn futures are trading mostly a penny higher after they settled as much as 4 1/4 cents lower in the December contract on Thursday. The International Grains Council updated its world corn production forecast for 2016/17 to 1.03 billion tonnes, up 33 MMT from their previous estimate and up 6% year/year. USDA had weekly corn export sales totaling 1.13 MMT, which was within the range of published expectations, and included fresh old crop sales to Japan, Mexico, Bangladesh and others that amounted to 71,056 MT for the week ending August 18. That was a new weekly low for the marketing year, but there are only 2 weeks left to ship those purchases before the new marketing year begins. The PFA tour estimated IA average yield at 188.17 bpa vs. the 3 year average of 176.98. Their MN estimate is 182.32 vs. the 3 year average of 180.91.