The corn market is posting losses of 1 to 3 ½ cent gains to kick off Friday trade. Corn futures closed out the initial trading session in 2025 with gains of 1 to 2 ¾ cents across the board. Preliminary open interest showed net new buying, up 17,583 contracts. The national average Cash Corn price from cmdtyView was up 1 3/4 cents at $4.31 1/4.
The delayed weekly EIA report showed a total of 1.111 million barrels per day of ethanol production in the week that ended on 12/27, a 4,000 bpd hike from the week prior. Stocks were on the rise, up 565,000 barrels to 23.639 million barrels. Ethanol exports slipped 67,000 bpd to 99,000 barrels per day, as refiner inputs of ethanol fell 61,000 bpd to 859,000 bps.
Monthly Grain Crushing data from Thursday afternoon showed November grind at 464.94 mbu, which was down 0.4% from last month (revised up 6 mbu) but up 1.7% from the same month last year. First quarter corn grind was up 2.29% from 2023 at 1.38 bbu.
Export Sales data will be released this morning, with the trade looking for a total of 0.8 to 1.4 MMT in 2024/25 corn bookings in the week of 12/26, with 0-50,000 MT for 2025/26 sales.
StoneX estimates the 2024/25 corn crop out of Brazil at 128.6 MMT, up 0.3 MMT from their previous estimate.
Mar 25 Corn closed at $4.59 1/2, up 1 cent, currently down 3 ½ cents
Nearby Cash was $4.31 1/4, up 1 3/4 cents,
May 25 Corn closed at $4.67 1/4, up 1 1/2 cents, currently down 3 ¼ cents
Jul 25 Corn closed at $4.70 1/4, up 1 1/2 cents, currently down 3 cents
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from BarchartThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
