Corn bulls discovered some late day momentum to push 1 to three cents increased on the shut. The CmdtyView nationwide common Money Corn value was up 2 1/2 cents to $4.00 1/2. The spring base Crop Insurance coverage value shall be set by the shut on Friday, as the typical December corn shut has been $4.61, down 9 cents from final yr.
USDA reported a personal export sale of 178,000 MT of corn to Japan this morning with 154,000 MT for 2026/27 and 24,000 MT for 2027/28.
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Export Gross sales knowledge for the week of two/19 was launched this morning, with a complete of 682,804 MT offered in that week. That was down 29% from the week prior, it was nonetheless 1.1% above the identical week final yr. Mexico was the highest purchaser of 373,600 MT, with 171,700 MT offered to Japan. New crop was 11,685 MT.
A South Korean importer bought a complete of 135,000 MT of corn in a young. One other South Korean importer issued a young for 210,000 MT of corn this morning. Turkey additionally bought 350,000 MT of wheat in ta tender in a single day.
Mar 26 Corn closed at $4.33 1/4, up 2 3/4 cents,
Close by Money was $4.00 1/2, up 2 1/2 cents,
Could 26 Corn closed at $4.43 1/2, up 1 1/2 cents,
Jul 26 Corn closed at $4.51 1/4, up 1 cent,
On the date of publication,
Austin Schroeder
didn’t have (both immediately 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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