Corn Eases Back Lower on Tuesday

USDA reported a private export sale of 110,000 MT of corn to unknown destinations this morning. Another sale of 306,000 MT of sorghum was reported as sold to unknown.

Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.  

EIA data will be released on Wednesday, with some looking for a pullback in ethanol output for the week ending last Friday.

ANEC estimates the January export total from Brazil at 3.39 MMT, down 0.06 MMT from last week. That would be shy of the 3.59 MMT from the same month last year if realized.

Mar 26 Corn  closed at $4.26 1/2, down 1 3/4 cents,

Nearby Cash  was $3.90 3/4, down 1 1/2 cents,

May 26 Corn  closed at $4.34 3/4, down 1 1/4 cents,

Jul 26 Corn  closed at $4.40 3/4, down 1 1/4 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.

More news from Barchart

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