Corn is sticking closed to unchanged as the futures trade ahead of the holiday. The corn market held onto steady to 1 ¾ cent gains to close out Monday. The national average Cash Corn price from cmdtyView was up 1 1/2 cents at $4.18 1/2. The markets will close early on Tuesday, as well as all day on Wednesday in observation of Christmas.
USDA reported a private export sale of 132,000 MT of corn to unknown destinations for 2024/25 shipment on Monday morning.
The weekly Export Inspections report from Monday showed a total of 1.123 MMT (44.21 mbu) of corn shipped in the week that ended on December 19. That was down 8.51% from the same week last year and 1.66% below the previous week. Of that total, 319,352 MT was headed to Japan, with 265,876 MT on its way to Mexico. Marketing year to date shipments have totaled 14.436 MMT (568.3 mbu) so far since September 1, 26.84% above the same week last MY.
Mar 25 Corn closed at $4.47 3/4, up 1 1/2 cents, currently unch
Nearby Cash was $4.18 1/2, up 1 1/2 cents,
May 25 Corn closed at $4.53 1/2, up 1 3/4 cents, currently unch
Jul 25 Corn closed at $4.55 3/4, up 1 1/4 cents, currently up 1/4 cent
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