Home Markets News Weather

Corn Firm on Friday

« Go Back

At midday and coming into the weekend, corn futures are fractionally lower. The national average corn basis from cmdtyView was at 25 cents under Sept. CmdtyView data suggests national corn basis has done nothing the entire month of July, yr/yr corn basis is 16 cents weaker. USDA announced a private export sale of 114,300 MT of corn to Mexico for 2020/21 delivery this morning. From the weekly Export Sales report on Thursday, old crop corn bookings had net reductions of 29,321 MT. New crop forward sales from the week ending July 23 were 638,714 MT, which was 392% above new crop sales from the same week last year. Total MY new crop corn forward sales were 8.328 MMT through July 23, which is 115% higher yr/yr. Of that total, China has booked 3.78 MMT, their largest forward purchases on record! The weekly Chinese auction of reserve inventory was 100% subscribed, at an average price of $7.39 per bushel.

Sep 20 Corn is at $3.15, down 3/4 cent,

Dec 20 Corn is at $3.26 1/4, down 1/2 cent,

Mar 21 Corn is at $3.37 1/2, down 3/4 cent,

May 21 Corn is at $3.45 1/4, down 1/2 cent,

--- provided by Brugler Marketing & Management

« Go Back

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