Corn Closes Mixed After Bulls Gain Ground on the | U.S. Finance News
Corn futures closed out the Friday session with blended motion, as nearbys had been within a penny of unchanged. September managed a 4 ½ cent gain this week, with December up 6 ¼ cents. The CmdtyView national average Cash Corn price was up 1 cent at $3.70.USDA reported a couple personal export gross sales of 119,769 MT of corn to Costa Rica and 140,452 MT to Spain this morning all for 2025/26.
Don’t Miss a Day: From crude oil to espresso, signal up free for Barchart’s best-in-class commodity evaluation. After this week’s crop tour confirmed most states’ yield above final yr, ProFarmer pegged the 2025 national yield at 182.7 bpa, with manufacturing at 16.204 billion bushels. That is down from 188.8 bpa and 16.742 bbu from USDA’s August Crop Production report. CFTC information confirmed speculators in corn futures and choices reducing 31,464 contracts from their web short place as of August 19 to a web short of 144,650 contracts. Commercials added 25,041 contracts to their web short place by Tuesday to 57,745 contracts.Export Sales information has outdated crop US corn export commitments at 70.505 MMT, which is 98% of the USDA estimate and lags the 103% average gross sales tempo. New crop business has reached 16.69 MMT, which is more than double the similar week final yr and within 2 MMT of the 2021/22 advertising yr, which is the present file shopping for tempo for the subsequent advertising yr.Sep 25 Corn closed at $3.88 1/4, up 1 cent,
Nearby Cash was $3.70, up 1 cent,Dec 25 Corn closed at $4.11 1/2, down 1/4 cent,Mar 26 Corn closed at $4.28 3/4, down 1 cent,New Crop Cash was $3.68 1/4, up 3/4 cent,
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions.
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