Corn futures closed the Wednesday session with regular to fractionally decrease commerce to wind down 2025. The CmdtyView nationwide common Money Corn value was down one other 1 ½ cents at $3.96 1/4. The market will probably be closed on Thursday for New Years Day, with a tough open at 8:30 am CST on Friday.
Dedication of Merchants information from this afternoon confirmed managed cash flipping again to a internet lengthy by 55,431 contracts, with the online lengthy at 2,759 contracts. Most of that was as a consequence of quick masking, with outright shorts down 64,573 contracts.
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USDA launched their Export Gross sales report this morning, with a complete of two.2 MMT of corn offered within the week of December 18, exceeding merchants in search of between 1-2 MMT. That was a 5-week excessive for gross sales and 28.7% above the identical week final yr.
EIA information was caught up on Wednesday, with a complete of 1.12 million barrels of ethanol produced within the week of 12/26, again up 25,000 bpd from the week prior. Ethanol shares have been 416,000 barrels larger to 22.944 million barrels. Ethanol exports have been down 71,000 bpd to 148,000 bpd, as refiner inputs of ethanol down 24,000 bpd to 888,000 bpd.
Mar 26 Corn closed at $4.40 1/4, down 1/4 cent,
Close by Money was $3.96 1/4, down 1 1/2 cents,
Might 26 Corn closed at $4.48 1/4, down 1/4 cent,
Jul 26 Corn closed at $4.54 1/2, unch,
On the date of publication,
Austin Schroeder
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