Corn Starting Friday with Slight Losses

Corn price action is down 1 to 2 cents in the front months on Friday morning. Futures posted higher Thursday trade, with contracts up fractionally to 2 ½ cents in the nearby contracts. December futures expire today, with 6 deliveries issued overnight. The CmdtyView national average Cash Corn price was up 1 1/2 cents at $4.01 1/2. 

Export Sales data was updated again on Thursday, showing a 4-week high 2.38 MMT of corn sold in the week ending on 11/13. That was 59.3% larger than the same week last year. Total export sale commitments were 29.7% above the same November week last year at 40.7 MMT (1.6 bbu), a record buying pace.

 

Delayed Census data showed September corn exports at a record 6.978 MMT (274.7 mbu). That was 9.09% larger than August and 60.93% larger than the same month last year. Distiller exports were 1.47% above last year at 1.059 MMT, with ethanol shipments at 148.4 million gallons during that month.

Dec 25 Corn  closed at $4.35 1/4, up 1/2 cent, currently up ¾ cent

Nearby Cash  was $4.01 1/2, up 2 1/2 cents, 

Mar 26 Corn  closed at $4.46 1/2, up 2 1/4 cents, currently down 1 1/4 cents

May 26 Corn  closed at $4.54 1/4, up 2 1/2 cents, currently down 1 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.

 

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