Corn Eases Lower into the Weekend
Corn futures posted losses of 1 to 2 cents across most contracts on the Friday session, as December managed to slip 4 ¼ cents lower this week. The CmdtyView national average Cash Corn price was down 1 3/4 cents to $3.88.
While the government remains closed, the USDA is expected to release their Crop Production and WASDE reports next Friday.
The Buenos Aires Grain Exchange estimates the Argentina corn crop at 36% planted, down 2.7 percentage points from last year. Crop conditions on the corn emerged are rated at 79% good to excellent.
Dec 25 Corn closed at $4.27 1/4, down 1 1/2 cents,
Nearby Cash was $3.88, down 1 3/4 cents,
Mar 26 Corn closed at $4.42, down 1 cent,
May 26 Corn closed at $4.50 1/2, down 1 cent,
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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