Corn kernels - via CC0 Public Domain
The corn market is getting a pre-weekend bounce on Friday, as contracts are up 4 to 5 cents across the nearbys. The national average Cash Corn price from cmdtyView is up 5 cents at $4.00 ½ per bu.
Export Sales data from this morning indicated corn sales totaling 1.315 MMT, which was a 5-week low and on the low end of the 2024/25 estimates of 1.25 to 2.6 MMT.
A South Korean importer purchased 134,000 MT of optional origin corn in a tender overnight.
Dec 24 Corn is at $4.24, up 5 cents,
Nearby Cash is at $4.00 1/2, up 5 cents,
Mar 25 Corn is at $4.35, up 4 1/4 cents,
May 25 Corn is at $4.42 3/4, up 4 1/2 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.
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