Corn futures posted losses of 6 to 7 cents across the nearbys to close out the Thursday session. The CmdtyView national averageย Cash Corn price was down 6 1/4 cents to $3.89 3/4.ย
China reportedly purchased a cargo of US sorghum overnight.
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Analysts estimated that US exporters sold 0.8-2 MMT of corn in the week ending on 10/30, as the report was not released on Thursday due to the shutdown.
Brazilโs corn exports during November are expected to total 5.57 MMT according to ANEC, which would be up from 4.92 MMT last year. Brazilโs official data showed October exports totaling 6.5 MMT, up from 6.4 MMT last year.ย
Dec 25 Cornย ย closed at $4.28 3/4, down 6 1/2 cents,
Nearby Cashย ย was $3.89 3/4, down 6 1/4 cents,
Mar 26 Cornย ย closed at $4.43, down 6 1/2 cents,
May 26 Cornย ย closed at $4.51 1/2, down 6 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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