Corn futures worked 7 to 10 cents higher on Tuesday. December ended the day near the mid point of the range, which took the contract to $6.75 at the high.Â
The USDA announced a private corn sale of 230,185 MT to Mexico this morning.Â
Barchart announced their corn production forecast as 14.681 bbu. That was unchanged from their prior forecast and comes on a 177.83 bpa yield. IHS Markit foresees 91.968 m acres of 2023 corn plantings.Â
NASS reported 93% of the 22/23 corn crop was harvested as of 11/13. That was up by 6% points through the week with NC and TN joining TX in being complete. The 5-yr average pace would be 85% harvested by 11/13.Â
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Dec 22 Corn  closed at $6.66 3/4, up 9 1/2 cents,
Nearby Cash  was $6.67 1/1, up 10 1/4 cents,
Mar 23 Corn  closed at $6.69 1/4, up 10 cents,
May 23 Corn  closed at $6.67 3/4, up 9 1/4 cents,
On the date of publication, Alan Brugler 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.
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