Corn Futures Tick Up Ahead of the Christmas Break

Market Highlights and Shipping Data

Corn futures are experiencing slight gains at midday, with contracts rising by a fraction to a penny as the Christmas holiday approaches. According to cmdtyView, the national average cash corn price is up 1/2 cents at $4.19.

The markets will close early on Tuesday and remain shut all day Wednesday for Christmas. Consequently, the weekly EIA data release has been rescheduled for Thursday morning, while Export Sales data will be available on Friday morning.

Export Inspections Report Analysis

The weekly Export Inspections report from Monday indicates that 1.123 million metric tons (44.21 million bushels) of corn were shipped during the week ending December 19. This figure represents a decrease of 8.51% compared to the same week last year and is also down 1.66% from the previous week. Notably, 319,352 metric tons were destined for Japan, and 265,876 metric tons were headed to Mexico. Since the marketing year started on September 1, total shipments have reached 14.436 million metric tons (568.3 million bushels), marking a 26.84% increase from the same week last marketing year.

Current Corn Prices

March 25 Corn is priced at $4.48 1/4, reflecting a gain of 1/2 cent.

Nearby Cash stands at $4.19, up 1/2 cent.

May 25 Corn is trading at $4.54 1/2, an increase of 1 cent.

July 25 Corn is at $4.56 3/4, also up by 1 cent.

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.