Corn futures posted 12 to 13 1/4 cent losses within the nearbys on Monday. Stress is coming from beans and crude oil slipping $4.49. The CmdtyView nationwide common Money Corn worth was down 13 cents to $4.11 1/2.
Monday morning’s Export Inspections report confirmed 1.658 MMT (65.3 mbu) of corn shipped within the week of three/12. That was 1.98% beneath the week prior however 8.95% above the identical week final 12 months. Mexico was the most important vacation spot of 446,121 MT, with 281,957 MT shipped to Japan and 150,849 MT to Colombia. The advertising 12 months whole is now 42.869 MMT (1.688 bbu) of corn shipped since September 1, which is 39.16% above the identical interval final 12 months. China was the only real vacation spot for 127,639 MT of sorghum.
AgRural estimate the Brazilian first corn crop at 50% harvested by Thursday, lagging the 72% tempo final 12 months. The second crop corn was at 91% planted, behind the 97% tempo a 12 months in the past.
Might 26 Corn closed at $4.54, down 13 1/4 cents,
Close by Money was $4.11 1/2, down 13 cents,
Jul 26 Corn closed at $4.65 3/4, down 12 1/2 cents,
Sep 26 Corn closed at $4.67 1/4, down 12 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 data and information on this article is solely for informational functions. This text was initially printed on Barchart.com
