Corn futures are fractionally lower into the day portion of Friday trade. Overnight prices stayed within a 4 3/4 cent range mostly +/-2 cents. They were up 1 3/4 to 3 cents on Thursday. For the week, March corn is a net 9 1/2 cents higher.Â
USDA announced a private export sale of 101,600 MT of corn to Mexico under the daily system. The weekly Export Sales data had 958,920 MT sold through the week that ended 12/8. That was at the top end of the pre-report estimates and a 3-wk high. Guatemala, Mexico, and Unknown were the top buyers for the week. Accumulated corn bookings sat at 20 MMT (787.5 mbu) as of 12/8 – marking 38% of the WASDE forecast. Last year’s 1.516 bbu of commitments were 61% of the Dec ’21 WASDE.Â
The European Commission reported 13.1 MMT of corn imports for the season through 12/12 – more than double the 6.02 MMT brought in last season during the same time.Â
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Mar 23 Corn  closed at $6.53 1/2, up 3 cents, currently down 1/2 cent
Nearby Cash  was $6.60 ½ on Thursday, up 5 cents,
May 23 Corn  closed at $6.53 3/4, up 2 3/4 cents, currently down 1/4 cent
Jul 23 Corn  closed at $6.49, up 2 3/4 cents, currently down 1/4 cent
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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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