Corn Market Sees Pre-Weekend Gains

Friday brought a modest bump in the corn market, with contracts increasing by 4 to 5 cents nearby. According to cmdtyView, the national average cash corn price rose by 5 cents to $4.00 ½ per bushel.

Export Sales Fall Short of Expectations

The morning’s Export Sales data revealed corn sales totaling 1.315 million metric tons (MMT). This figure marks a five-week low and falls on the lower end of the 2024/25 estimates, which range from 1.25 to 2.6 MMT.

Korean Importer Makes a Significant Purchase

In a recent tender, a South Korean importer bought 134,000 MT of corn with optional origin, signaling ongoing demand.

Current Contract Prices

As for current prices: December 2024 corn is at $4.24, up 5 cents; nearby cash corn stands at $4.00 ½, also up 5 cents; March 2025 corn is recorded at $4.35, which is up 4 ¼ cents; and May 2025 corn is at $4.42 ¾, climbing 4 ½ 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 are solely for informational purposes.
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