Corn prices are trading with 1 to 2 cent losses on Wednesday AM. Futures closed out the Tuesday session with more strength, as contracts were up 3 to 7 cents across the board. Preliminary open interest saw net new buying, up 24,814 contracts, with 18,595 in March alone. The national average Cash Corn price from cmdtyView was up just 4 ¾ cents at $3.83 per bu.Â
The average close for December corn futures so far in October is $4.17. That is 49 cents below the February base insurance price.
The weekly Crop Progress report showed the US corn crop was 98% mature as of October 20, up from the 95% average. Harvest was tallied at 65% complete, which is 13 percentage points ahead of the 5-year average pace. All of the 18 reported states by NASS were at or faster than their respective average harvest pace.
Brazil’s ANEC expects October exports to total 6.24 MMT, which is up 0.02 MMT from their previous estimate and down from the 8.45 MMT exported last year.Â
Dec 24 Corn  closed at $4.16 1/2, up 7 cents, currently down 1 1/2 cents
Nearby Cash  was $3.83, up 4 3/4 cents,
Mar 25 Corn  closed at $4.29 1/4, up 6 cents, currently down 1 1/2 cents
May 25 Corn  closed at $4.36 3/4, up 6 1/4 cents, currently down 1 3/4 cents
On the date of publication, Austin Schroeder 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.
/amazon%20holiday%20delivery%20boxes%20by%20Cineberg%20via%20iStock.jpg)
/Semiconductor%20Chip%20by%20Gorodenkoff%20via%20Shutterstock.jpg)
/NVIDIA%20Corp%20logo%20on%20phone%20and%20AI%20chip-by%20Below%20the%20Sky%20via%20Shutterstock.jpg)
/NVIDIA%20Corp%20video%20chip-by%20Antonio%20Bordunovi%20via%20iStock.jpg)