Corn futures closed out the Tuesday trade session with contracts up 2 1/2 to 4 1/2 cents cross the board. The CmdtyView national average Cash Corn price is up 2 1/4 cents at $3.80 1/4.
USDA reported a private export sale of 122,947 MT of corn to Mexico this morning, with 100,593 MT for 2025/26 and 22,354 MT for 2026/27.
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EIA data will be released on Wednesday, with analysts looking for ethanol production to be steady to a slight bounce from the previous week’s drop.
After the Monday close, NASS reported the corn crop at 91% dented and 56% mature, both lagging normal. Harvest was tallied at 11% complete and in line with the average pace. Conditions slipped back by 1% to 66% gd/ex, as the Brugler500 was 2 points lower to 370. By state, IL and NE were up 3 points, with MN improving 4 and SD up 6. Deterioration was noted in IN and ND down 5, with IA and MO dropping 8, as OH slipped 1 point.
Dec 25 Corn closed at $4.26 1/4, up 4 1/2 cents,
Nearby Cash was $3.82 1/4, up 4 1/4 cents,
Mar 26 Corn closed at $4.43, up 4 1/4 cents,
May 26 Corn closed at $4.52 1/4, up 3 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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