Corn value motion is down 1 to 1 ½ cents on Tuesday morning. Futures noticed weak point for a lot of Monday, with contracts down 1 to 2 cents within the nearbys, pulling off early lows. Preliminary open curiosity was up 8,625 contracts on Monday. The CmdtyView nationwide common Money Corn value was down a penny to $3.95.
USDA tallied corn export shipments at 1.589 MMT (62.32 mbu) in the course of the week ending on December 11. That was 9.07% under the week prior’s revised complete and 37.25% bigger than the identical week in 2024. Mexico was the highest vacation spot of 488,231 MT, with 301,240 MT headed to Japan and 219,729 MT to Spain. Advertising and marketing 12 months exports for 2025/26 at the moment are 22.501 MMT (885.84 mbu) since September 1, which is now 68.74% bigger than the identical interval final 12 months. USDA additionally reported 71,917 MT of sorghum to China.
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Export Gross sales knowledge obtained one other catchup on Monday, with a complete of 1.84 MMT of corn booked within the week of 11/20. That was a drop from the week prior, however nonetheless 73.4% bigger than the identical week final 12 months.
One other replace to the backlogged CFTC knowledge on Monday afternoon confirmed managed cash flipping again to a internet in need of 10,872 contracts within the week ending on November 25 a transfer of 48,999 contracts to the quick facet.
Mar 26 Corn closed at $4.39 3/4, down 1 cent, presently down 1 1/4 cents
Close by Money was $3.95, down 1 cent,
Could 26 Corn closed at $4.47 3/4, down 1 1/4 cents, presently down 1 1/2 cents
Jul 26 Corn closed at $4.53 3/4, down 1 1/4 cents, presently down 1 1/4 cents
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions.
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