Corn futures are trading at Friday’s midday with losses of 2 to 3 ½ cents. The national average Cash Corn price from cmdtyView is down 2 ¾ cents at $3.69 per bu.
Thursday morning's Export Sales report indicated total export sale commitments for corn are now at 14.209 MMT, 21% larger than the same week last year. That is 24% of the USDA export projection, compared to the 30% average booking pace.
Overnight, a Taiwan buyer tendered for a total of 65,000 MT of corn. The Buenos Aires Grain Exchange pegged the Argentina corn crop at 7.1% planted, near the average pace.
Dec 24 Corn is at $4.02 1/2, down 3 1/4 cents,
Nearby Cash is at $3.69, down 2 3/4 cents,
Mar 25 Corn is at $4.20 3/4, down 3 1/2 cents,
May 25 Corn is at $4.31 3/4, down 3 1/2 cents,
New Crop Cash is at $3.69, down 2 3/4 cents,
On the date of publication, Austin Schroeder 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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