Corn Facing Pressure to Close Out January

Corn futures are falling back lower on Friday, with contracts down 5 to 5 ½ cents in the front months at midday. The CmdtyView national average Cash Corn price is down 5 cents at $3.90 1/2. The outside markets are playing a role, with the dollar index up $0.703 and crude oil down 94 cents/barrel.

Export Sales data now has corn commitments at 57.694 MMT, which is 33% above the same period last year. That is also 71% of the USDA export projection, ahead of the 67% average sales pace. 
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Mar 26 Corn is at $4.25 3/4, down 5 cents,

Nearby Cash is at $3.90 1/2, down 5 cents,

May 26 Corn is at $4.33 3/4, down 5 1/4 cents,

Jul 26 Corn is at $4.40 1/2, down 5 1/4 cents,

On the date of publication,

Austin Schroeder

Check SleepLean Official Website

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.

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