Corn futures rounded out the Thursday session with contracts 4 to 6 ½ cents high in the nearbys. The CmdtyView national average Cash Corn price was up another 6 ½ cents at $4.02 ½.
EIA data from this morning showed a total of 1.075 million barrels per day of ethanol produced in the week ending on November 7, down 48,000 bpd from the week prior’s record. Stocks saw a draw of 436,000 barrels to 22.219 million barrels.
USDA released their Export Sales data for the week of September 25 this morning, as corn came in at 1.394 MMT.
Brazil’s CONAB estimates the country’s corn crop at 138.84 MMT, up 0.56 MMT from October.
A South Korean importer purchased 130,000 MT of corn in a tender overnight. Taiwan also purchased 65,000 MT of US corn overnight.
Dec 25 Corn closed at $4.41 1/2, up 6 1/4 cents,
Nearby Cash was $4.02 1/2, up 6 1/2 cents,
Mar 26 Corn closed at $4.55 1/2, up 6 1/4 cents,
May 26 Corn closed at $4.63, up 5 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.
More news from Barchart
