Corn futures are trading with contracts fractionally lower to start the day. The corn market closed with contracts 1 ¼ to 3 ¼ cents lower on Tuesday. The national average Cash Corn price from cmdtyView was down 1 ¾ cents at $4.14 ½.
The USDA reported a private export sale of 170,400 MT of corn to Mexico on Tuesday morning for 2024/25 shipment.
A US government funding bill is expected to have a plan to allow E15 sales year around, shifting from the sales being blocked in the summer months.
ANEC estimates December Brazil corn exports at 4.1 MMT, which was a 0.13 MMT hike from their previous estimate. A South Korean importer purchased a total of 66,000 MT of corn in a tender overnight.
Mar 25 Corn closed at $4.43 1/2, down 1 1/2 cents, currently down 1/4 cents
Nearby Cash was $4.14 1/2, down 1 3/4 cents,
May 25 Corn closed at $4.50, down 1 3/4 cents, currently down 1/2 cents
Jul 25 Corn closed at $4.53 1/4, down 1 3/4 cents, currently down 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.
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