Midday corn futures are printing 1 ½ to 3 cent losses for Friday. The now lead month December has seen a 7 ½ cent range so far for the day from -4 ½ to + 3. December is now at a 6 cent loss for the week’s move. Friday’s Dollar Index is cooling off after an impressive run from $99.26 in July to a 6-mo high $105.43 – including a $0.180 point rally this week.
BAGE reported corn planting at 2.2% complete, maintaining the 7.3m HA forecasted area. Ukraine’s harvest was reported at 55.8k MT as of 9/15. That is 12.4% lower yr/yr.
StatsCan data put 2023 Canadian corn production at 14.932 MMT. That was up 2.7% from last year.
Dec 23 Corn is at $4.77, down 3 1/2 cents,
Nearby Cash is at $4.52, down 4 3/8 cents,
Mar 24 Corn is at $4.91 1/4, down 3 1/4 cents,
May 24 Corn is at $4.99 3/4, down 3 cents,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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