Corn Holding Fractional Losses on Friday | U.S. Finance News
Corn futures are trading with contracts fractionally decrease to this point on Friday. The CmdtyView national average Cash Corn price is down 1/2 cent at $3.68 1/4.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. Export Sales knowledge has outdated crop US corn export commitments at 70.505 MMT, which is 98% of the USDA estimate and lags the 103% average gross sales tempo.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 identical week final yr and within 2 MMT of the 2021/22 advertising yr, which is the present report shopping for tempo for the online advertising yr.The ultimate day of the annual ProFarmer confirmed Iowa yield estimated at 198.43 bpa, up from final yr’s complete of 192.79 bpa and above the 3-year average of 186.47 bpa. USDA is in search of an 11 bpa increase yr/yr. Yield in Minnesota was a report 202.86 bpa, nicely above final yr (164.9) and the three-year average (178.88 bpa). The International Grains Council estimates the world corn manufacturing complete at 1.299 billion MT, a 23 MMT increase from final month. World corn stocks have been up 16 MMT to 294 MMT, as demand was elevated by 13 MMT.Sep 25 Corn is at $3.86 3/4, down 1/2 cent,
Nearby Cash is at $3.68 1/4, down 1/2 cent,Dec 25 Corn is at $4.11 1/4, down 1/2 cent,Mar 26 Corn is at $4.29, down 3/4 cent,New Crop Cash is at $3.67 1/1, down 1/2 cent,
On the date of publication,
Austin Schroeder
didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions.
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