The Friday corn trade has prices back up by 6 3/4 to 11 1/2 cents in the front months, fading the Thursday slump. USDA’s weekly Ethanol Report showed corn oil prices were regionally -1c to +5c/gal compared to last week within 73.75 cents and 77 cents/gal. DDGS were $5 to $45/ton higher wk/wk regionally to within $230 in WI and IN to $288 in KS.
NASS reported the July corn ethanol grind was 445.723 mbu. That was up 1.6 mbu mo/mo but compares to 450.321 mbu during July ’21.
Taiwan’s MFG is on the market for 65k MT of corn from U.S., Brazil, Argentina, and South Africa. French corn ratings were 45% good/very good as of 8/29 according to FranceAgriMer. That was down from 47% last week.
Brokerage firm StoneX estimates the national average corn yield at 173.2 bpa.
Brazilian export data showed 7.554 MMT of corn was shipped during August, compared to 4.336 MMT during August ’21.
Sep 22 Corn is at $6.69 3/4, up 11 1/2 cents,
Nearby Cash is at $6.69 1/2, up 14 3/8 cents,
Dec 22 Corn is at $6.67 1/2, up 9 1/2 cents,
Mar 23 Corn is at $6.73 1/4, up 9 1/2 cents,
/Super%20Micro%20Computer%20Inc%20logo%20on%20building-by%20Poetra_RH%20via%20Shutterstock.jpg)
