Home Markets News Weather

Corn Market Moving Higher

« Go Back

Pre weekend corn trading has prices 1 1/4 to 1 3/4 cents in the black at midday. Yesterday saw big new buying in March, with preliminary OI for all corn contracts up 20,341 contracts for the day (13,634 in March). USDA reported a large export sale of 128,000 MT of corn to Mexico in the daily reporting system this morning. The weekly Export Sales report showed 655k MT of corn bookings in the week ending 10/8. That was down 46% wk/wk and on the low end of expectations, but still 78% above the same week last year. Corn exports were 815k bringing the MYTD total to 4.493 MMT. That is 70% above last year’s pace. There were no milo sales reported on the week ending 10/8, and exports were just 645 MT. South Korea issued an international corn tender, seeking 65k MT. NOAA’s 5-day QPF shows ~1” of showers from E. OH through MO, covering IL and IN as well.

Dec 20 Corn is at $4.05, up 1 1/4 cents,

Mar 21 Corn is at $4.09 1/2, up 1 1/2 cents,

May 21 Corn is at $4.10 1/2, up 1 1/4 cents,

Jul 21 Corn is at $4.10 1/2, up 1 1/4 cents,

--- provided by Brugler Marketing & Management

« Go Back

Real-time Login
     Get Real-time Data
Edit Preferences      Refresh:   On   Off