
The corn market is trading with fractional to 1 cent gains to start Thursday trade. Corn bulls were taking some money off the table on the wobble Wednesday session, as contracts were down 5 to 6 cents in the nearbys and new crop December ¼ cent lower. Preliminary open interest was up 15,115 contracts on Wednesday. The national average Cash Corn price from cmdtyView was down 5 3/4 cents at $4.49 1/4.
Weekly EIA data will be released on Thursday morning showing weekly ethanol production a day late due to the Monday federal holiday.
S&P Global estimates the 2025 corn acreage to total 93.5 million acres, a 700,000 acre increase from the December estimate.
A South Korean importer purchased a total of 136,000 MT of corn overnight. Algeria has tendered for 240,000 MT of corn, with offers due on Thursday.
Mar 25 Corn closed at $4.84 1/4, down 5 3/4 cents, currently up 1 cent
Nearby Cash was $4.49 1/4, down 5 3/4 cents,
May 25 Corn closed at $4.94, down 5 3/4 cents, currently up 3/4 cent
Dec 25 Corn closed at $4.59 1/2, down 1/4 cent, currently unch
New Crop Cash was $4.30 1/4, down 3/4 cent,
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.