Corn futures saw gains on Friday, with Mar 26 corn closing at $4.38 ¾, up 5 ½ cents. May corn recorded an 8 ¾ cent gain for the week, while the CmdtyView national average cash corn price rose by 5 ¾ cents to $4.06 ¼. Meanwhile, the USDA reported a private export sale of 257,000 MT of corn to unknown destinations.
As of February 19, corn commitments totaled 62.96 MMT, marking a 29% increase from the previous year, representing 75% of the USDA’s projected exports. Actual shipments stood at 46% of projections, surpassing the 38% historical shipping pace. Additionally, South Korean importers purchased 201,000 MT of corn in a recent tender.
