The corn market is trading posing 4 to 5 cents losses in the nearbys, with new crop up 1 ½ cents so far at midday. The front month CmdtyView national average Cash Corn price is down 4 cents at $4.53 3/4.
USDA released a private export sale of 120,000 MT of corn to Portugal this morning for 2024/25 shipment. This follows the 120,000 MT sale to Japan reported on Monday
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
After the close, NASS reported that 4% of the US corn crop was planted as of 4/13, which is just a tick behind the 5% 5-year average pace. Rains expected over the next week from IA to IN, with heavier totals in MO and KS, may limit some early planting through next Monday.
May 25 Corn is at $4.80 3/4, down 4 1/4 cents,
Nearby Cash is at $4.53 3/4, down 4 cents,
Jul 25 Corn is at $4.89, down 3 3/4 cents,
Dec 25 Corn is at $4.63 1/2, up 1 1/2 cents,
New Crop Cash is at $4.27 1/2, up 1 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.
More news from Barchart
- July Soft Red Winter Wheat Prices May Have Found a Bottom. Here Are the Levels to Watch Before You Buy.
- Cotton Prices Have Bottomed, But Fundamentals Need to Improve for a Sustained Price Uptrend
- July Corn Futures Hit a 2-Week High Today and More Gains Could Be Just Around the Corner
- The Trade War Is on the Front Burner for Grain Markets, But Don’t Miss These 2 Other Key Catalysts This Week
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
