Corn Prices Climb as Traders Hit the Market Post-Holiday

Midday Trading Shows Positive Movement for Corn

Corn prices have risen by 3 to 5 cents during Thursday’s midday trading, as market activity picks up after the Christmas holiday. The national average Cash Corn price, according to cmdtyView, increased by 3 1/4 cents to reach $4.22 1/2.

Upcoming Data Releases Could Influence Market

The weekly data from the EIA has been postponed until Friday morning, with analysts predicting that ethanol production will remain stable after recently moving above 1.1 million barrels per day. In addition, the Export Sales data will also be released on Friday morning, which may further impact market sentiment.

Brazil Maintains Export Forecasts for Corn

According to ANEC, Brazilian corn exports are projected to reach 4.1 million metric tons (MMT) for December, a figure that remains consistent with their previous estimates.

Current Corn Futures Prices

Mar 25 Corn is up 3 1/2 cents, priced at $4.52.

Nearby Cash corn is currently at $4.22 1/2, up 3 1/4 cents.

May 25 Corn is trading at $4.59, an increase of 4 cents.

Jul 25 Corn stands at $4.62 1/4, up 5 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 serve solely for informational purposes. For more details, please view the Barchart Disclosure Policy here.

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