Corn futures light decrease into the weekend throughout most contracts. Futures had been down 2 to 4 cents within the entrance months, as they closed out the week. A couple of deferred contracts had been regular to 1 ¾ cents greater.
Following their close to week-long Crop Tour Professional Farmer launched their projected US yield quantity at 181.1 bpa this afternoon, with manufacturing at 14.979 bbu. That got here In beneath the 183.1 bpa and 15.147 bbu estimates from USDA.
Weekly Dedication of Merchants information confirmed spec funds in corn futures and choices including one other 8,889 contracts to their internet quick place, at 257,869 contracts by August 20. Commercials added one other 5,036 contracts to the web lengthy place at 14,669 contracts by Tuesday.
Weekly Export Gross sales information outdated crop corn export commitments at 55.936 MMT, or 38% above the identical time final 12 months. That’s 98% of the USDA projection lagging the 103% common tempo, although precise Census information is working forward. New crop ahead gross sales at the moment are 7.924 MMT, a 7.8% enchancment above the identical week final 12 months.
Two separate South Korean corn tenders had been issued and stuffed in a single day, with purchases combining for 133,000 MT and South American origin anticipated.
Sep 24 Corn closed at $3.67 3/4, down 3 3/4 cents,
Close by Money was $3.56 5/8, down 3 3/4 cents,
Dec 24 Corn closed at $3.91, down 2 1/2 cents,
Mar 25 Corn closed at $4.09 1/2, down 2 cents,
New Crop Money was $3.47 3/8, down 4 1/4 cents,
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