Corn futures are up 1 to 2 cents at Thursday’s noon. There have been one other 22 deliveries issued in opposition to December corn in a single day. The CmdtyView nationwide common Money Corn value is up 1 3/42 cents at $4.01 3/4.
USDA reported a non-public export sale of 186,000 MT of corn to unknown locations this morning. Export Gross sales information was up to date once more this morning, exhibiting a 4-week excessive 2.38 MMT of corn bought within the week ending on 11/13. That exceeded the 0.8-2 MMT vary of estimates and was 59.3% bigger than the identical week final 12 months.
Delayed Census information confirmed September corn exports at a file 6.978 MMT (274.7 mbu). That was 9.09% bigger than August and 60.93% bigger than the identical month final 12 months. Distiller exports had been 1.47% above final 12 months at 1.059 MMT, with ethanol shipments at 148.4 million gallons throughout that month.
NASS launched their backed up Grain Crushings report on Wednesday afternoon, exhibiting September corn grind at 435.36 million bushels, down 2.66% from final 12 months. October corn grind was additionally launched, with 476.4 mbu of corn utilization, up 2.76% vs. final 12 months. Within the first two months of the advertising 12 months, corn used for ethanol was up 1 million bushel from final 12 months.
A Taiwan importers bought 65,000 MT of US corn in a young in a single day. CONAB launched up to date information this morning, exhibiting Brazilian corn manufacturing at 138.88 MMT, up 0.04 MMT from their earlier quantity.
Dec 25 Corn is at $4.36 3/4, up 2 cents,
Close by Money is at $4.01 3/4, up 1 3/4 cents,
Mar 26 Corn is at $4.46, up 1 3/4 cents,
Could 26 Corn is at $4.53 1/2, up 1 3/4 cents,
On the date of publication, Austin Schroeder didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. This text was initially printed on Barchart.com
