Corn futures posted beneficial properties of two to three ¾ cents throughout the entrance months on Friday’s brief session, with December up a dime this week. Right now was first discover day for December futures, with 80 deliveries issued all by an ADM buyer. The CmdtyView nationwide common Money Corn value was up 7 ¼ cents at $4.11.
A personal export sale of 273,988 MT of corn was reported by USDA to unknown locations this morning.
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USDA’s catchup continued this morning, with the Export Gross sales report for the week ending on October 16 exhibiting 2.82 MMT of corn offered for 2025/26, exceeding the estimate of 1.4-2.5 MMT. There was one other 571,502 MT for 2026/27, falling in the course of the 0.5-1 MMT commerce estimates. Mixed gross sales of three.394 MMT had been the biggest in precisely a yr, shy of the 4.183 MMT from the identical week final yr. Whole export commitments are nonetheless 42.9% above final yr at 33.56 MMT, 1.32 bbu. That can also be a document excessive for the present week.
Gross sales knowledge for the week ending on 10/23 will likely be out Monday morning, with merchants searching for 1.1-2.5 MMT in corn bookings throughout that week.
Dec 25 Corn closed at $4.35 1/2, up 3 3/4 cents,
Close by Money was $4.11, up 7 1/4 cents,
Mar 26 Corn closed at $4.47 3/4, up 2 1/2 cents,
Could 26 Corn closed at $4.55 3/4, up 2 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.
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