Corn Beginning the Week with Losses | U.S. Finance Information
The corn market is posting one other spherical of weaker trade on Monday, with losses of 4 to 13 cents throughout the board, led by the entrance months. There have been 220 deliveries issued towards March futures in a single day, all by a Marex buyer. CmdtyView’s national average Money Corn price is down 7 3/4 cents at $4.15 ¼.
The USDA reported a personal export sale of 114,000 MT of corn to Mexico this morning for 2024/25.
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This morning’s Export Inspections report confirmed a whole of 1.351 MMT (53.2 mbu) of corn shipped within the week that ended on February 27. That was an increase of 15.86% from final 12 months and 17.91% above the identical week final 12 months. The biggest vacation spot was Mexico at 41,6371 MT, with 272,570 MT to Japan and 138,421 MT to Spain. Advertising and marketing 12 months exports are actually at 27.257 MMT (1.073 bbu), which is now 31.69% above the identical week final 12 months.
Managed money spec funds in corn futures and choices had been backing off of their giant internet long place within the week that ended on February 25 by 16,079 contracts. That was primarily by way of longs exiting, with a internet long of 337,454 contracts by final Tuesday.
Mar 25 Corn is at $4.41 1/2, down 12 cents,
Close by Money is at $4.15 1/4, down 7 3/4 cents,
Could 25 Corn is at $4.56 3/4, down 12 3/4 cents,
Dec 25 Corn is at $4.50 1/4, down 4 3/4 cents,
New Crop Money is at $4.16 3/4, down 4 1/2 cents,
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 data and information on this article is solely for informational functions. For more data please view the Barchart Disclosure Coverage
right here.
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