Longs in the corn market were adding some risk back on during the Tuesday session, with contracts up 2 to 6 cents at the close. This came after trade tensions eased on Monday with any potential for Mexican/Canadian tariffs were pushed back another month. The national average Cash Corn price from cmdtyView was up 9 cents at $4.54 1/4.
USDA reported a private export sale of 132,000 MT of corn to South Korea this morning.
EIA data will be released on Wednesday morning, with production backing off in last week’s report as inventory has been building recently.
Mar 25 Corn closed at $4.94 1/2, up 5 3/4 cents,
Nearby Cash was $4.60 3/4, up 5 3/4 cents,
May 25 Corn closed at $5.04 3/4, up 5 cents,
Dec 25 Corn closed at $4.68, up 2 3/4 cents,
New Crop Cash was $4.38, up 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 Barchart
- Grains and Oilseeds in Q4 and 2024- Where are they Heading in 2025?
- Do Grains and Oilseed Futures Offer Value for 2025?
- Corn Demand in Focus: What The Cash Market May Be Trying To Say
- What the Election Results May Mean for the Corn and Soybean Markets
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
