Corn futures are continuing the push higher with contracts up 3 to 4 ¼ cents so far on the Thursday session. The CmdtyView national average Cash Corn price is up 3 3/4 cents at $4.35 1/4.
Export Sales data from this morning showed 332,679 MT of old crop corn business in the week of 7/16, falling shy of estimates of 400,000 and 800,000 MT. That was slightly higher than the week prior and nearly half of the same week last year. New crop sales were improved to 701,505 MT, on the higher side of the estimated range of 400,000 to 800,000 MT. That was the 4th largest sale for new crop this year and down 4.4% from the same week last year.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.NOAA’s 7-day forecast shows very limited precip across much of the country, with southwest NE, north MO, and eastern KS seeing 1 to 2 inches.
Sep 26 Corn is at $4.65 3/4, up 3 3/4 cents,
Nearby Cash is at $4.35 1/4, up 3 3/4 cents,
Dec 26 Corn is at $4.89, up 4 1/4 cents,
Mar 27 Corn is at $5.04 1/4, up 4 cents,
New Crop Cash is at $4.39 1/4, up 3 3/4 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 is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.- Soybean Meal Prices Keep Heading Higher. How to Trade Them at a 9-Week High.
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