The corn market is cautiously higher for the new month of trade. Dec corn again kept to a tight range overnight from -¾ to +1 ¼ cents. Corn futures finished the Halloween session with fractional to 1 ½ cent gains, rounding out the month of October on a net 2c gain for the December contract. Dec corn saw a 33 ½ cent range through the month.
Weekly EIA data will be out later this morning, highlighting ethanol production during the week that ended 10/27.
Brazil’s AgRural had bean planting at 40% finished, from 46% last year, igniting fears of delayed beans leading to the second corn crop missing its ideal window.
Dec 23 Corn closed at $4.78 3/4, up 1/2 cent, currently up 3/4 cent
Nearby Cash was $4.49 1/4, down 1/4 cent,
Mar 24 Corn closed at $4.93, up 1/4 cent, currently up 3/4 cent
May 24 Corn closed at $5.01 3/4, up 3/4 cent, currently up 3/4 cent
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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