Corn futures rose by 5 to 7.25 cents on Friday, with the CmdtyView national average cash corn price reaching $4.41. The USDA reported a private export sale of 148,240 metric tons (MT) of corn to an unknown destination, consisting of 78,240 MT for the old crop and 70,000 MT for the new crop.
As of April 23, U.S. corn export commitments totaled 75.7 million metric tons, marking a 29% increase from the previous year and representing 90% of the USDA’s export projection. Additionally, the U.S. House of Representatives passed its version of the farm bill on Thursday, omitting provisions for year-round E15 sales; the bill now advances to the Senate.
In trading data, May corn is priced at $4.70 ½, up 5.75 cents; July corn at $4.82, up 7.25 cents; December corn at $5.00 ¾, up 6.5 cents; and new crop cash corn at $4.57, increasing by 6 cents.
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