Corn prices are showing 1 to 2 cent gains so far on Tuesday. Futures closed out the Monday session on a weaker note, as contracts were down 1 to 2 ½ cents in the nearbys. The front month national Cash Corn price from cmdtyView was down 2 ¼ cents to $3.75/bu.
USDA’s Crop Progress report showed the US corn crop at 85% dented by 9/16, 1 percentage point above normal. The crop was also reported at 45% mature, above the 38% average and 9% harvested, 3% above normal. Crop ratings were up 1% to 65% gd/ex with the Brugler500 index up 1 point to 365.
Export Inspections data showed corn shipments totaling just 521,118 MT during the week that ended on September 12. That was down 37.92% below the previous week and a 22.95% drop from the same week in 2023. Of that total, a majority came from Mexico, with 328,265 MT headed that direction.
Dec 24 Corn closed at $4.10 3/4, down 2 1/2 cents, currently up 2 1/4 cents
Nearby Cash was $3.75, down 2 1/4 cents,
Mar 25 Corn closed at $4.29 1/4, down 1 3/4 cents, currently up 1 3/4 cents
May 25 Corn closed at $4.40 1/4, down 1 1/4 cents, currently up 2 cents
New Crop Cash was $3.75 1/8, down 2 1/4 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.
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