Corn futures are trading with 2 to 6 cent losses across most contracts on Friday, as the official Mexico/Canadian tariff date has been pushed back to March 1.  The national average Cash Corn price from cmdtyView was down 6 cents at $4.48 1/4.Â
President Trump is planning to stick with the 25% tariff on Canada and Mexico, though the date has been pushed back to March 1 according to reports this morning. Details are being reviewed, with some exemptions in play.Â
USDA’s Export Sales report from Thursday morning showed a total of 1.359 MMT in the week ending on January 23. That brought the marketing year sales total to 43.29 MMT, which is 70% of the USDA full year export projection, ahead of the 66% average sales pace.
The Buenos Aires Grains Exchange tallied the Argentina corn crop at 28% excellent, down 2% from the previous number, shifting to the poor category at 22%.
Mar 25 Corn is at $4.85, down 5 1/4 cents,
Nearby Cash is at $4.48 1/4, down 6 cents,
May 25 Corn is at $4.96 3/4, down 4 3/4 cents,
Dec 25 Corn is at $4.63 1/2, down 3/4 cent,
New Crop Cash is at $4.31 1/4, down 2 1/4 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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