Corn futures closed the Tuesday session with contracts down 1 to 3 ½ cents across the front months, following sharp Monday losses. The CmdtyView national average Cash Corn price was down 1 3/4 cents at $3.81 1/2.
EIA data will be released on Wednesday morning, with traders looking for ethanol production to be steady following last week’s ballooning stocks total and drop in refiner inputs.
A couple South Korean importers purchased a total of 264,000 MT of corn in tenders overnight, with another tender for 140,000 MT issued for a Wednesday deadline.
Brazil’s January corn exports are projected at 3.27 MMT according to ANEC, up 0.42 MMT from the previous number.
Mar 26 Corn closed at $4.19 3/4, down 1 3/4 cents,
Nearby Cash was $3.81 1/2, down 1 3/4 cents,
May 26 Corn closed at $4.27 3/4, down 2 3/4 cents,
Jul 26 Corn closed at $4.34 1/2, down 3 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.
More news from Barchart
