Corn prices are trading 3 to 5 cents lower so far for the midweek session. Corn ended Tuesday with a penny to 4 cent gains across the front months. The new crop contracts were stronger on the day, though Dec remains a $1.06 discount to the May.Â
EIA will release their weekly petroleum data showing ethanol production later this morning.Â
Chinese customs data showed 2.19 MMT of corn was brought in during March. That was a 9.2% drop from March ’22, though 2023’s imports are still up 6% through the first quarter at 7.52 MMT. Chinese milo imports were just 190k MT, down by 81.5% from last year.Â
May 23 Corn  closed at $6.77 1/2, up 1 cent, currently down 3 1/4 cents
Nearby Cash  was $6.76 3/4, up 1 5/8 cents,
Jul 23 Corn  closed at $6.44 1/2, up 2 cents, currently down 4 1/2 cents
Dec 23 Corn  closed at $5.71, up 4 1/4 cents, currently down 4 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. For more information please view the Barchart Disclosure Policy here.
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