Corn futures are trading 2 to 3 cents lower following the overnight session on Wednesday. New Crop December is up a penny. They ended with a Turnaround Tuesday for old crop. The board had a seesaw session with overnight weakness, before bouncing back at midday. Ultimately old crop contracts ended the day with 2 1/4 to 4 cent losses. March saw a 10 1/2 cent range on the day. New crop followed a similar pattern, but prices ended UNCH to a penny higher.Â
Ukrainian export data showed a 32% lower grain export during the week of 1/29, including 607,771 MT of corn. Since the trade deal was signed, Ukraine has shipped 19 MMT of grains. China has been one of the largest recipients, and corn has been the most shipped commodity by volume.Â
Mar 23 Corn  closed at $6.79 3/4, down 4 cents, currently down 3 centsÂ
Nearby Cash  was $6.80 ¼ on Tuesday, down 5 3/4 cents,
May 23 Corn  closed at $6.77 1/2, down 3 3/4 cents, currently down 3 cents
Jul 23 Corn  closed at $6.65 1/4, down 2 1/4 cents, currently down 2 3/4 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. For more information please view the Barchart Disclosure Policy here.
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