Corn futures faced some Tuesday turnaround pressure, as contracts closed with 1 ¼ to 2 cent losses across the board. The national average Cash Corn price from cmdtyView was down 1 3/4 cents at $4.04 3/4 per bu.
Ukraine’s ag ministry expects the 2025 corn acreage to be up 500,000 hectares (1.24 million acres), mainly due to a drop in soybean acreage.
ANEC expects to see Brazil’s corn exports during November at 5.57 MMT, a slight increase over the 5.38 MMT previous estimate. That would be down from the 6.4 MMT in October and nearly 2 MMT below the same month in 2023.
Dec 24 Corn closed at $4.27 1/4, down 2 cents,
Nearby Cash was $4.04 3/4, down 1 3/4 cents,
Mar 25 Corn closed at $4.37 3/4, down 2 cents,
May 25 Corn closed at $4.45 1/4, down 1 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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