Dec Corn Ends October in the Black
Corn futures finished the Halloween session with fractional to 1 ½ cent gains, rounding out the month of October on a net 2c gain for the December contract. Dec corn saw a 33 ½ cent range through the month.
The weekly Crop Progress report from NASS showed the 23/24 corn harvest advanced 12% points to 71% finished for the week ending 10/29. That compares to 74% finished last year and is still ahead of the 66% average pace.
Brazil’s AgRural had bean planting at 40% finished, from 46% last year, igniting fears of delayed beans leading to the second corn crop missing its ideal window.
Dec 23 Corn closed at $4.78 3/4, up 1/2 cent,
Nearby Cash was $4.49 1/4, down 1/4 cent,
Mar 24 Corn closed at $4.93, up 1/4 cent,
May 24 Corn closed at $5.01 3/4, up 3/4 cent,
On the date of publication, Alan Brugler 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.
