Corn Rallies Back to a Higher Close on Tuesday
The corn market closed out the session with contracts posting fractional gains in the front months after spending most of the session in the red. The national average Cash Corn price from cmdtyView was steady at $4.28 1/2.
USDA reported a private export sale of 110,000 MT of corn sold to Columbia this morning for 2024/25 shipment.
Census data for November exports was released this morning, showing 4.704 MMT (185.2 mbu) of corn shipped during the month, a 6-year high. That was also 16.22% above last month and took the first quarter total to 513 mbu. Distillers exports during November were a 3-year high at 946,804 MT. November shipments of ethanol totaled 187.6 million gallons, which was a record for the month.
Mar 25 Corn closed at $4.58, up 1/4 cent,
Nearby Cash was $4.28 1/2, unch
May 25 Corn closed at $4.65 3/4, up 1/2 cent,
Jul 25 Corn closed at $4.68 1/4, up 1/4 cent,
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.