Corn futures are up by 2 1/2 to 3 3/4 cents through the Wednesday midday. Markets close regular today, with a hard open and early close on Friday in observance of Thanksgiving. Dec options also expire on Friday.Â
News from Mexico show President Obrador mentioned the country is considering loosening the GMO restrictions as it pertains to livestock feed. The nation still seeks to become self-sufficient in food and gasoline.Â
Reports on the wire suggest a renewed election protest in Brazil has major highways under blockade as demonstrators seek to disrupt grain transport in demonstration of Bolsonaro’s defeat. China’s Cofco received shipment of the first load, 68k MT, of Brazilian corn for the season.Â
Russia’s President Putin seeks cooperation from UN to get sanctioned fertilizer out of European ports. Allegedly +300k MT of fertilizer is stuck in ports of Latvia, Estonia, Belgium, and Netherlands. Separately, Putin wishes to continue fertilizer exports via a pipeline traversing through Ukraine – back in September Ukrainian President Zelensky said the pipeline could be re-opened in exchange of POWs.Â
Dec 22 Corn  is at $6.60, up 3 1/4 cents,
Nearby Cash  is at $6.67, up 3 3/8 cents,
Mar 23 Corn  is at $6.62 3/4, up 3 1/2 cents,
May 23 Corn  is at $6.62 1/4, up 3 1/2 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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