Corn futures closed the prelude to Christmas with contracts steady to 1 ½ cents higher across the board. Volume was limited at just 191,901 contracts. The national average Cash Corn price from cmdtyView was up 3/4 cent at $4.19 ¼.
The markets will resume trading at 8:30 am CST this morning. Weekly EIA data is pushed back to a Thursday morning release, with most expecting to see ethanol production hold steady after creeping back above 1.1 million bpd last week. Export Sales data will be out on Friday morning.
Brazilian corn exports are expected to total 4.1 MMT for December, according to ANEC, which is unchanged from their precious estimate.
Mar 25 Corn closed at $4.48 1/2, up 3/4 cent,
Nearby Cash was $4.19 1/4, up 3/4 cent,
May 25 Corn closed at $4.55, up 1 1/2 cents,
Jul 25 Corn closed at $4.57 1/4, up 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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