Corn futures closed the prelude to Christmas with contracts steady to 1 ½ cents higher across the board. The national average Cash Corn price from cmdtyView was up 3/4 cent at $4.19 ¼.
The markets will close early on Tuesday, as well as all day on Wednesday in observation of Christmas. Weekly EIA data will be pushed back to a Thursday morning release, with most expecting to see ethanol production hold steady after creeping back above 1.1 million bpd last week. Export Sales data will be out on Friday morning.
The weekly Export Inspections report from Monday showed a total of 1.123 MMT (44.21 mbu) of corn shipped in the week that ended on December 19. That was down 8.51% from the same week last year and 1.66% below the previous week. Marketing year to date shipments have totaled 14.436 MMT (568.3 mbu) so far since September 1, 26.84% above the same week last MY.
Mar 25 Corn closed at $4.48 1/2, up 3/4 cent,
Nearby Cash was $4.19 1/4, up 3/4 cent,
May 25 Corn closed at $4.55, up 1 1/2 cents,
Jul 25 Corn closed at $4.57 1/4, up 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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