Front month corn futures are mixed, with Dec down by 3c and Select a penny weaker as the deferred contracts are fractionally to 2 ¼ cents higher.
The Monday morning Export Inspections report showed 406,680 MT (16.01 mbu) of corn shipped during the week ending on November 23. That was 30.49% higher compared to the same week last year, but down 32.34% from the week prior and a marketing year low. Total shipments this MY have totaled 7.267 MMT (286.12 mbu), a 25% increase over the same period last year. Inspections of sorghum totaled 280,532 MT, with 279,262 MT of that headed to China.
AgRural pegged Brazil’s first corn crop at 83% planted in the center south region as of last Thursday, which lags last year’s 88% pace.
Dec 23 Corn is at $4.52 3/4, down 2 3/4 cents,
Nearby Cash is at $4.28 1/4, down 2 3/4 cents,
Mar 24 Corn is at $4.74 1/4, down 1 cent,
May 24 Corn is at $4.87, up 1/4 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.
