The corn market is feeling pressure after some recent strength, as contracts are down 9 to 10 cents across most contracts on Friday. The national average Cash Corn price from cmdtyView is down 10 cents at $4.21.
Export Sales data from this morning tallied 776,992 MT in 2024/25 wheat sales during the week of 12/26, coming in below the 0.8 to 1.4 MMT estimates. That was also down 54.6% from last week and the second lowest for the MY. Mexico was the largest destination of 292,500 MT, with 179,100 MT sold to Japan.
Monthly Grain Crushing data from Thursday afternoon showed November grind at 464.94 mbu, which was down 0.4% from last month (revised up 6 mbu) but up 1.7% from the same month last year. First quarter corn grind was up 2.29% from 2023 at 1.38 bbu.
Mar 25 Corn is at $4.49 1/2, down 10 cents,
Nearby Cash is at $4.21, down 10 cents,
May 25 Corn is at $4.57 1/4, down 10 cents,
Jul 25 Corn is at $4.60 1/4, down 10 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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