Corn futures are trading with 7 to 10 cent losses across the front months on Friday, with New crop down 2 ½ cents. There were no deliveries for March futures overnight, with the contract expiring today. The CmdtyView national average Cash Corn price is back down 7 1/2 cents at $4.19 3/4.
USDA reported private export sales of 218,604 MT of corn to unknown destination during the reporting period this morning.
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Total export commitments for the US are now 50.535 MMT, which is 35% above the same time period last year. This is also 81% of USDA’s export projection compared to the average sales pace of 80%.
There were more South Korean import purchases overnight, with two different importers buying a total of 207,000 MT.
Mar 25 Corn is at $4.43 1/4, down 10 1/4 cents,
Nearby Cash is at $4.19 1/4, down 7 1/2 cents,
May 25 Corn is at $4.57 3/4, down 7 1/2 cents,
Dec 25 Corn is at $4.49 3/4, down 2 1/2 cents,
New Crop Cash is at $4.12 1/2, down 3 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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