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Corn futures stayed in a tighter range on Thursday, with March working between -4 1/2 to +2 1/2 cents. At the close the front month futures were 1 to 1 3/4 cents lower.Â
Weekly FAS data showed 636.8k MT of corn was sold during the week that ended 12/15. Analysts were looking for at least 625k MT. Exports were 958.7k MT for a season total of 8.22 MMT (324 mbu). That is 15.6% of the WASDE forecasted total.Â
The European Commission reported corn imports at 13.5 MMT for the season through 12/18 – a 105% increase yr/yr.Â
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Mar 23 Corn  closed at $6.60 1/2, down 1 3/4 cents,
Nearby Cash  was $6.68 1/8, down 1 7/8 cents,
May 23 Corn  closed at $6.60 1/4, down 1 1/2 cents,
Jul 23 Corn  closed at $6.54 1/4, down 1 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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