Corn futures are showing slightly higher price action at midday, with contracts up fractionally to a penny ahead of the Christmas trade break. The national average Cash Corn price from cmdtyView is up 1/2 cents at $4.19.
The markets will close early on Tuesday, as well as all day on Wednesday in observation of Christmas. Weekly EIA data will be pushed back to a Thursday morning release, with Export Sales data out on Friday 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 is at $4.48 1/4, up 1/2 cent,
Nearby Cash is at $4.19, up 1/2 cent,
May 25 Corn is at $4.54 1/2, up 1 cent,
Jul 25 Corn is at $4.56 3/4, up 1 cent,
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