Corn futures try to creep again larger, as Thursday commerce noticed issues shut with 5 to six cent positive aspects. Spill over assist from double digit positive aspects in wheat and soybeans, in addition to $3.25/barrel positive aspects in crude oil. The CmdtyView nationwide common Money Corn worth was up 5 cents at $3.87 1/4.
The typical December shut thus far in October, now with simply 6 commerce days remaining, is $4.19. That compares to final 12 months’s harvest worth for crop insurance coverage at $4.17 however is 51 cents beneath the February worth.
USDA once more delayed the weekly Export Gross sales report as a result of ongoing shutdown, as merchants are nonetheless estimating a complete of 0.8-2 MMT of corn was offered within the week ending on 10/16.
Worldwide Grains Council knowledge confirmed world corn manufacturing for 2025/26 regular this month, with consumption up 2 MMT and shares growing 5 MMT to 299 MMT on elevated 2024/25 shares (+7 MMT).
Dec 25 Corn closed at $4.28, up 5 cents,
Close by Money was $3.87 1/4, up 5 cents,
Mar 26 Corn closed at $4.41 1/4, up 5 1/2 cents,
Could 26 Corn closed at $4.49 1/4, up 5 3/4 cents,
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. This text was initially revealed on Barchart.com
