The corn market is showing slight strength on the Tuesday session, with contracts up 2 to 3 cents so far. The CmdtyView national average Cash Corn price is up 2 ¼ cents so far at $3.92 ½.
Ahead of the expected USDA Crop Production report on Friday, a Reuters poll of analysts showed corn yield expected to drop 2.7 bpa to 184 bpa, as prodcton is seen at 16.557 bbu, a 257 mbu drop from the September report if realized.
ANEC estimates the November Brazilian corn export total at 6.04 MMT, a 0.47 MMT increase over the previous estimate
Taiwan importers issued a tender for 65,000 MT of corn in a tender that closes on Thursday.
Dec 25 Corn is at $4.32, up 2 1/4 cents,
Nearby Cash is at $3.92 1/2, up 2 1/4 cents,
Mar 26 Corn is at $4.46 3/4, up 2 1/4 cents,
May 26 Corn is at $4.55 3/4, up 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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