Corn ended the Thursday session with 3 3/4 to 5 1/2 cent losses after setting new LOC highs in the morning. March got to $6.62 3/4 cents at the day’s peak.
Weekly FAS data showed corn bookings totaled 589,080 MT during the week of 2/3. That was within the range of pre report estimates. Corn shipments were reported at 1.149 MMT. Accumulated shipments were tallied at 20.715 MMT on the weekly data. USDA reported milo export bookings at 140,729 MT. FAS reported accumulated sorghum exports at 2.24 MMT, with another 4.11 MMT of sales on the books.
South Korea’s KFA passed on offers for their 68k MT optional origin corn tender. Taiwan’s MFIG booked 65k MT of corn to be sourced from Argentina.
The WAOB went with a 1.205 billion MT 21/22 corn production figure on Wednesday. That was down 1.61 MMT from Jan’s production, as Brazil was cut by 1 MMT to 114 MMT. This morning CONAB release updated Brazilian production estimates, trimming their number by 0.56 MMT to 112.34 MMT. They cut the average yield for the South by 6.49 bpa to 85.1, with a 28 bpa trim in Santa Catarina.
Mar 22 Corn closed at $6.41 3/4, down 5 cents,
Nearby Cash was $6.26 5/8, down 5 1/2 cents,
May 22 Corn closed at $6.40 1/2, down 5 1/2 cents,
Dec 22 Corn closed at $5.84 3/4, down 3 3/4 cents,
New Crop Cash was $5.68 5/8, down 4 5/8 cents,
/A%20Lucid%20Motors%20vehicle%20parked%20in%20front%20of%20a%20showroom_%20Image%20by%20Michael%20Berlfein%20via%20Shutterstock_.jpg)
/Broadcom%20Inc%20logo%20on%20phone%20and%20site-by%20Majahid%20Mottakin%20via%20Shutterstock.jpg)
/Tesla%20Inc%20logo%20by-%20baileystock%20via%20iStock.jpg)
