Midday corn futures are trading 6 to 6 1/2 cents weaker so far. But Dec is around mid range on the day.Â
The weekly USDA Export Sales report showed 1.17 MMT of corn was sold during the week that ended 11/10. That was near the top end of estimates and was 340% above the week prior and 29% above the same week last year. The top buyer was Mexico with 919.8k MT. The total did not include yesterday’s large figure, which goes in next week’s report. The total corn commitments were still a half of last year’s pace with 15.9 MMT. For sorghum, USDA had no sales and just 1.8k MT of exports.Â
USDA’s NASS has permanently moved to report FSA related acreage changes in September instead of October, as per an announcement via the Data Users meeting – recall NASS had released the data a month early this year citing sufficient data to do so.Â
Dec 22 Corn  is at $6.59 1/4, down 6 cents,
Nearby Cash  is at $6.62 3/4, down 5 1/2 cents,
Mar 23 Corn  is at $6.60 3/4, down 6 3/4 cents,
May 23 Corn  is at $6.60, down 6 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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